HERO MOTOCORP LTD - Awaiting Bullish Breakout

13 Ağu

1. Strong Uptrend: The stock experienced a strong upward movement in May, establishing a bullish trend.
   
2. Descending Channel Formation: Currently, the stock is trading within a descending channel, a pattern that often precedes a breakout.
   
3. Awaiting Breakout: A bullish breakout above the channel could lead to a continuation of the uptrend.
   
4. Target Level: If the breakout occurs, the next target could be the resistance at ₹5,852.