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Rakesh Madhav CFA

19th Aug 2025 · SEBI-Registered Analyst

🔥 Follow-up on Hero MotoCorp

HEROMOTOCO
Our earlier breakout call above ₹4,660 has played out perfectly ✅. The stock is sustaining higher levels, showing strength despite a small intraday pullback. Momentum remains strong. 📉 Technical Snapshot ✅ Holding firm above breakout zone ₹4,470–₹4,480, confirming trend strength 📊 Healthy volumes → consistent institutional participation 📈 RSI ~75 → momentum strong, though near overbought zone 🔄 Trading well above 10 & 20 EMA, both sloping upwards → classic uptrend continuation 📍 Price action showing higher lows, buyers absorbing dips 📌 Key Levels to Watch Supports: ₹4,950 (near-term), ₹4,750 (short-term base) Resistances: ₹5,140–₹5,160 (immediate), breakout above could target ₹5,300+ Sustaining above ₹5,140 may open next leg toward ₹5,280–₹5,320 in coming sessions 💡 Outlook The consolidation breakout remains intact. As long as the stock holds above ₹4,950, the bias stays bullish. Pullbacks likely to be buying opportunities with trend continuation expected toward new highs. 👉 In short: Bullish bias intact, Buy on dips above ₹4,950, Upside potential: ₹5,300+.

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