Chart Check: Hero MotoCorp breaks out from inverse head & shoulder pattern; here’s how to trade the stock

Hero MotoCorp has surpassed an inverse head and shoulder pattern, according to experts. The company recorded the breakout on the daily charts, giving room for the stock to reach the INR 2,700 price level. The start of 2023 saw the stock’s resistance at INR 2,500, but after some corrections and reaching INR 2,400, the price action created an inverse head and shoulder pattern. Experts predict a bullish price pattern, topping at INR 2,720 in the following 3-4 weeks if the price remains over INR 2,400.