HEROMOTOCO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here's a comprehensive technical analysis of Hero MotoCorp Ltd (HEROMOTOCO) based on the latest chart patterns, indicators, and volume dynamics

📊 Trend Overview

Current Phase: Trending upward

Price Action: Trading well above both 50-DMA (₹4,910) and 200-DMA (₹4,509), confirming strong bullish momentum.

Volume: Slightly below 1-week average, but still healthy. Prior breakout was supported by volume spikes

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📈 Momentum Indicators

RSI (69.2): Approaching overbought territory. Indicates strength but caution for short-term traders.

MACD (158): Strongly positive and diverging — confirms bullish momentum.

Bollinger Bands: Price likely near upper band, suggesting strength but also potential for short-term pullback or pause.

🧭 Chart Patterns

Cup and Handle Formation: Confirmed breakout above ₹4,540 zone with volume. Classic bullish continuation setup

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Trendline: Rising support trendline from ₹3,300 lows remains intact.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 5,100 Minor pullback zone, post-breakout retest

Support 2 4,910 50-DMA, strong dynamic support

Support 3 4,540 Cup breakout base, long-term support

Resistance 1 5,500 Psychological level, near-term target

Resistance 2 5,750 Pre-high congestion zone

Major Resistance 6,246 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹5,100–₹5,200 (on dips with volume confirmation)

Short-Term Target: ₹5,500–₹5,750

Exit Zone / Stop-Loss: ₹4,910 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong bullish continuation

Bias: Positive above ₹5,100; cautious below ₹4,910

Phase: Trending — no signs of reversal or consolidation yet

Hero MotoCorp is riding a strong technical wave backed by a textbook cup-and-handle breakout, robust moving average alignment, and bullish momentum indicators. A decisive weekly close above ₹5,500 could unlock further upside toward ₹5,750–₹6,000

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Would you like a chart visualization or backtest of this strategy? I can help with that too.

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www.etmoney.com

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stockstales.in

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