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Rakesh Madhav CFA

4th Aug 2025 Β· SEBI-Registered Analyst

πŸš€ Hero MotoCorp – Accelerating on EVs & Strong Volumes πŸ“ˆ Stock surged 5.2% today, closing at β‚Ή4,535.90

HEROMOTOCO
has broken out from a long consolidation zone, backed by powerful volumes and strong July sales. Both technical and fundamental cues are aligning for a bullish trend continuation πŸ”§ Technical Outlook: βœ… Breakout above resistance at β‚Ή4,470–4,480 range after weeks of sideways move πŸ“Š Volume Spike: Highest in over a month, confirming institutional buying πŸ“ˆ RSI at 63.5 – strong upside momentum, yet not overbought πŸ“‰ Immediate support at β‚Ή4,330 / β‚Ή4,190; resistance next at β‚Ή4,750–₹4,850 🏭 Fresh Fundamental Triggers (Past 1 Week): πŸ›΅ July dispatches up 21% YoY to 4.49 lakh units – solid recovery in domestic + export sales ⚑ VIDA (EV brand) clocked best-ever sales – 11,226 units, 10.2% market share in EV 2Ws 🌍 Announces Europe entry (Q2 FY26): Germany, UK, France, Spain πŸ’° Attractive dividend of β‚Ή65/share already absorbed into price action 🎯 Targets: ⏳ Short-Term (1–2 weeks): β‚Ή4,750 πŸ“† Medium-Term (1–3 months): β‚Ή5,050+ (if momentum sustains above β‚Ή4,600) πŸ›‘ Risk Zone: Breakdown below β‚Ή4,300 may pause uptrend πŸ’‘ Hero’s technical breakout is supported by real numbers – EV growth, rural demand, and exports. Momentum may continue if Nifty Auto stays strong

#FundamentalViews#TechnicalViews#SectorBreakouts#StockInNews
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