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Rakesh Madhav CFA

7th Aug 2025 · SEBI-Registered Analyst

Hero MotoCorp – Technical Breakout Confirmed ✅

HEROMOTOCO
has successfully broken out from a prolonged consolidation phase, validating our earlier analysis. Today’s move above ₹4,660 with strong volume marks a potential start of a bullish continuation. 📉 Technical Snapshot ✅ Breakout above ₹4,470–₹4,480 resistance zone after nearly 2 months of sideways action 📊 Volume spike – over 2.1M shares traded, highest in more than a month; confirms institutional participation 📈 RSI at 66.65 – strong bullish momentum building; still not in overbought territory 🔄 Price is now trading above 10 & 20 EMAs, with both EMAs sloping upward — strong trend confirmation 📍 Breakout candle is wide-bodied with high close — strong follow-through expected 📌 Key Levels to Watch 🛑 Support Zones: ₹4,330 (short-term), ₹4,190 (trend invalidation level) 📈 Resistance Zones: ₹4,750 (swing high), ₹4,850 (gap zone) 🎯 Price Action Outlook Sustaining above ₹4,600 may drive momentum toward ₹4,750 in the short term A clean move above ₹4,750 can open doors toward ₹5,050 in the coming weeks Breakdown below ₹4,300 could pause the trend but does not invalidate structure unless ₹4,190 is breached

#StockInNews#TechnicalViews#FundamentalViews#SectorBreakouts
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