Hero MotoCorp: Two-Wheeler Leader Embraces EV Future

Technically, Hero MotoCorp has entered a strong recovery phase after spending several months consolidating near the ₹4,800–₹5,000 zone. The chart shows a decisive upward move that pushed the stock above both the 20-day moving average near ₹5,597 and the 50-day moving average around ₹5,206, confirming a significant improvement in the intermediate trend. The 20-DMA has also turned sharply higher and is now comfortably above the 50-DMA, creating a positive moving-average structure. After touching nearly ₹5,950, the stock has seen some profit booking, but it continues to hold above the rising 20-DMA, keeping the broader setup constructive. The ₹5,600 region now becomes an important near-term support, while ₹5,900–₹6,000 is the immediate resistance zone. A sustained move above ₹6,000 could revive momentum towards the previous high around ₹6,350–₹6,400 and potentially lead to fresh price discovery. As long as the stock holds above ₹5,600, the technical structure remains bullish and supports a buy-on-dips approach rather than chasing sharp rallies.