Hero MotoCorp is forming a powerful Cup & Handle pattern with a clear range breakout above ₹4,454.60. This breakout is technically significant as it ends the long consolidation phase and signals the beginning of a new bullish wave.
The volume expansion and breakout candle above the range resistance give strength to the momentum, making this a strong positional setup for medium to long term.
Key Levels & Targets:
Breakout Zone: ₹4,454.60
Target 1: ₹4,795
Target 2: ₹5,140
Target 3 (Resistance): ₹5,414
Target 4: ₹5,625
Target 5 / ATH Test: ₹6,246
Monthly Target: ₹6,826
6–8 Month Target: ₹9,148
Support & Risk Areas:
Support: ₹4,216 → ₹4,030
Invalidation: Below ₹3,768 may weaken structure
Pattern invalidation if it breaks below ₹3,606
Trade Plan:
Entry: On sustained breakout above ₹4,455
Stop Loss: ₹4,030
Target Zone: ₹4,795 to ₹9,148 (multi-leg movement)
Pattern: Cup & Handle + Range Breakout
Time Horizon: Medium to Long Term (6–8 months)
The breakout aligns with bullish sentiment in the Auto sector and favorable fundamentals, giving added strength to this setup.
Disclaimer:
This analysis is for educational purposes only. Always do your own research and follow proper risk management before taking any entry or exit decisions.
The volume expansion and breakout candle above the range resistance give strength to the momentum, making this a strong positional setup for medium to long term.
Key Levels & Targets:
Breakout Zone: ₹4,454.60
Target 1: ₹4,795
Target 2: ₹5,140
Target 3 (Resistance): ₹5,414
Target 4: ₹5,625
Target 5 / ATH Test: ₹6,246
Monthly Target: ₹6,826
6–8 Month Target: ₹9,148
Support & Risk Areas:
Support: ₹4,216 → ₹4,030
Invalidation: Below ₹3,768 may weaken structure
Pattern invalidation if it breaks below ₹3,606
Trade Plan:
Entry: On sustained breakout above ₹4,455
Stop Loss: ₹4,030
Target Zone: ₹4,795 to ₹9,148 (multi-leg movement)
Pattern: Cup & Handle + Range Breakout
Time Horizon: Medium to Long Term (6–8 months)
The breakout aligns with bullish sentiment in the Auto sector and favorable fundamentals, giving added strength to this setup.
Disclaimer:
This analysis is for educational purposes only. Always do your own research and follow proper risk management before taking any entry or exit decisions.
Nota
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.