🚀 Hero MotoCorp: Reversal in Sight? 🚀
📉 CMP: ₹4438
🔒 Stop Loss: ₹4090
🎯 Targets: ₹5030 | ₹5700
🔍 Why Hero MotoCorp Looks Promising?
✅ Rounding Bottom Breakout: Weekly close above ₹4412 confirms this bullish reversal pattern
✅ Box Breakout: 8-week consolidation range of ₹4454–₹4202 broken above ₹4460, signalling strength
✅ Flag & Pole Setup: Larger range of ₹3354–₹4454 forms a flag-pole structure with breakout above ₹4460
💡 Strategic Insight:
📈 Confirmation Level: A weekly close above ₹4500 will further confirm reversal for long-term upside
🔒 Strict SL: Maintain stop loss at ₹4190 to manage downside risks effectively
📍 Outlook: Multiple technical setups indicate potential for a long-term bullish reversal with targets up to ₹5700.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before investing.
#HeroMotoCorp #AutoSector #TechnicalAnalysis #BreakoutTrade #ReversalPattern #SwingTrading #StockMarketIndia #InvestmentOpportunity
📉 CMP: ₹4438
🔒 Stop Loss: ₹4090
🎯 Targets: ₹5030 | ₹5700
🔍 Why Hero MotoCorp Looks Promising?
✅ Rounding Bottom Breakout: Weekly close above ₹4412 confirms this bullish reversal pattern
✅ Box Breakout: 8-week consolidation range of ₹4454–₹4202 broken above ₹4460, signalling strength
✅ Flag & Pole Setup: Larger range of ₹3354–₹4454 forms a flag-pole structure with breakout above ₹4460
💡 Strategic Insight:
📈 Confirmation Level: A weekly close above ₹4500 will further confirm reversal for long-term upside
🔒 Strict SL: Maintain stop loss at ₹4190 to manage downside risks effectively
📍 Outlook: Multiple technical setups indicate potential for a long-term bullish reversal with targets up to ₹5700.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before investing.
#HeroMotoCorp #AutoSector #TechnicalAnalysis #BreakoutTrade #ReversalPattern #SwingTrading #StockMarketIndia #InvestmentOpportunity
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box breakout and flag breakout
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.