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HERO MOTOCORP LTD
Long

HERO MOTOCORP LTD - Awaiting Bullish Breakout

By GlobalMarketGuru
  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.
breakouttradingDescending ChannelFalling WedgeHEROMOTOCOSupport and ResistanceTrend AnalysisWedge
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