Follow-up on Hero MotoCorp

Our bullish call above ₹4,660 has delivered strongly, and the stock continues to validate the breakout with sustained momentum. Even after brief intraday pullbacks, buyers are defending dips, keeping the uptrend healthy. 📉 Technical Snapshot ✅ Sustaining well above the ₹4,470–₹4,480 breakout zone, confirming strength 📊 Volumes remain robust → signs of institutional participation 📈 RSI ~74 → still in strong momentum zone, mildly overbought but trend intact 🔄 Trading firmly above 10 & 20 EMA → both rising, confirming uptrend continuation 📍 Price structure: higher highs & higher lows, buyers absorbing every dip 📌 Key Levels to Track Supports: ₹5,000–₹4,950 (near-term), ₹4,750 (strong base) Resistances: ₹5,160 immediate, breakout here opens road toward ₹5,280–₹5,320 Extended move possible to ₹5,400 if momentum persists 💡 Outlook The bullish momentum is intact. As long as price holds above ₹4,950, trend remains positive. Dips are being absorbed, and sustained close above ₹5,160 could fuel the next rally. 👉 In short: Bullish bias continues. Buy on dips above ₹4,950, with upside potential toward ₹5,300–₹5,400