Hero MotoCorp – Rounding Bottom Breakout (Preemptive Positional

🏍️ Hero MotoCorp – Rounding Bottom Breakout (Preemptive Positional Idea)

Hero MotoCorp has formed a clean rounding-bottom structure, and price is attempting a breakout on higher timeframes.
Post-results, some volatility or pullback is possible — but the pattern remains structurally strong for long-term accumulation.

📌 Why This Setup Matters:
• Classic rounding bottom breakout on weekly
• Strong long-term trend reversal formation
• Pullbacks likely but structure favours accumulation
• Ideal for positional / long-term investors, not short-term traders
• Stock may be volatile — patience required

📈 Positional Plan:
• CMP: ₹6000
• Stop Loss: ₹5180 (weekly structure SL)
• Target: ₹9170 (pattern target)

⏳ This is a positional idea. It will take time and won’t be a smooth straight-line move.


⚠️ Clarification:
This is an independent analysis based purely on technical & market study.
Religare Broking Limited is not involved in this view or recommendation.

📝 Important:
I am not responsible for any profit or loss. No fees are charged — purely educational.

📉 Disclaimer:
Not SEBI-registered. Please do your own research.