Hero Motocorp: Major Weekly Breakout | Auto Sector Leader Hero Motocorp LimitedNSE:HEROMOTOCOrmhetre15 STRONG BUY Setup 🏍️ Entry: ₹5,798-5,820 (Current Level) Target 1: ₹5,899-5,920 Target 2: ₹6,033-6,060 Target 3: ₹6,251-6,280 Target 4: ₹6,400-6,500+ (Extended Breakout Target) Stop Loss: ₹5,588 Technical Rationale: BREAKING OUT from year-long rectangle consolidation (5,588-5,899 range - blue shaded area) Powerful +4.69% weekly surge showing strong bullish momentum Testing upper boundary of rectangle at 5,899 (marked "3d 21h" - breakout imminent) Weekly chart showing major pattern completion Trading above descending channel (black trendlines) - channel broken Volume at 1.77M - strong for weekly timeframe confirming breakout RSI trending upward around 70-75 - strong momentum (overbought but in uptrend) Trading well above rising EMA - bullish trend confirmed Auto sector leader - largest two-wheeler manufacturer globally Multiple resistance levels clearly marked: 5,899, 6,033, 6,251 Strong support established at 5,588 (rectangle base) Previous consolidation for 12+ months = powerful breakout potential Pattern similar to 2024 rally from 3,500 to 6,000+ Risk-Reward: Excellent 1:3 to 1:5+ ratio depending on targets Pattern: RECTANGLE CONSOLIDATION BREAKOUT on WEEKLY Chart - extremely powerful continuation pattern after year-long base building Strategy: Medium to long-term positional (weeks to months) Book 20% at T1 (5,910), 20% at T2 (6,045), 20% at T3 (6,260) Hold remaining 40% for extended target 6,400-6,500+ Trail SL to 5,820 after crossing T1 Disclaimer: For educational purposes only. Not SEBI registered.