daily chart. Looking at the price action from 2024 through early 2026 the stock has shown significant volatility with a broad recovery phase. The correction after peaking near 6250 in mid-2024 the stock entered a sharp downtrend bottoming out near 3500 in early 2025. Throughout 2025 the stock formed a V-shaped recovery reclaiming lost ground and surging to a new high near 6357 (the horizontal dotted line). Current phase we are seeing a Higher High, Higher Low pattern though it is currently in a consolidation/pullback phase after hitting that multi-year resistance. Recently resistance ₹6350 - ₹6400. The stock struggled to sustain levels above this mark recently. A breakout above this is needed for a fresh bull run. Immediate support ₹5500. The current price is hovering around ₹5749. If it drops the 5500 zone has historically acted as a floor. Major support ₹5000. This is a psychological level and a previous swing low that must hold to keep the long-term uptrend intact. Hero MotoCorp is currently in a Buy on Dips zone. As long as it stays above 5500 the structure remains positive. However a fresh entry might be safer if the stock clears the 6360 resistance with high volume.

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