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(HEROMOTOCO) Hero Motocorp complete technical analysis [charts+indicators] | Buy/Sell Hero Motocorp | (HEROMOTOCO) share price targets

Complete technical analysis of Hero Motocorp (HEROMOTOCO) by charts plus indicators, forecast predictions and share price targets for Hero Motocorp (HEROMOTOCO)

Hero Motocorp trades in NSE in 2 sector.

10 day averaged volume of Hero Motocorp is 774441

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	4213.70	4251.25	4251.25	4168.15	0.87 times
18 Thu Apr 2024	4251.30	4358.00	4398.65	4231.60	1.425 times
16 Tue Apr 2024	4322.90	4344.00	4446.45	4288.05	0.93 times
15 Mon Apr 2024	4381.20	4430.00	4440.55	4368.95	0.833 times
12 Fri Apr 2024	4440.80	4509.00	4522.80	4431.00	0.566 times
10 Wed Apr 2024	4494.90	4551.70	4551.70	4475.90	0.665 times
09 Tue Apr 2024	4521.70	4615.00	4673.25	4505.00	1.221 times
08 Mon Apr 2024	4595.10	4540.00	4608.85	4525.10	0.919 times
05 Fri Apr 2024	4524.90	4480.50	4565.60	4468.35	0.782 times
04 Thu Apr 2024	4522.95	4585.00	4590.00	4462.75	1.78 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4219.8, for a target of 4380.5 or 4514.52

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	3683.00
Downside Target	3929.85
Downside Target	4168.15
Upside Target	4349.05
Upside Target	4560.00
Upside Target	4662.00
Upside Target	4673.25
Upside Target	4736.35
Upside Target	4750.00
Upside Target	4779.75
Upside Target	4949.05

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	4105.75
Downside Intraday Target	3997.8
Upside Intraday Target	4384.05
Upside Intraday Target	4554.4
Upside Intraday Target	4276.1

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	4213.70	4430.00	4446.45	4168.15	1.204 times
12 Fri Apr 2024	4440.80	4540.00	4673.25	4431.00	0.559 times
05 Fri Apr 2024	4524.90	4740.00	4779.75	4462.75	2.004 times
28 Thu Mar 2024	4722.30	4684.00	4750.00	4560.00	0.905 times
22 Fri Mar 2024	4684.00	4560.50	4736.35	4445.20	0.707 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	4213.70	4740.00	4779.75	4168.15	0.925 times
28 Thu Mar 2024	4722.30	4459.90	4750.00	4445.20	0.673 times
29 Thu Feb 2024	4426.50	4621.70	4949.05	4349.05	1.078 times
31 Wed Jan 2024	4621.55	4139.55	4662.00	3929.85	0.974 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Hero Motocorp (HEROMOTOCO)

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Hero Motocorp stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Hero Motocorp in short term and the sell signal is strong.

Hero Motocorp Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Hero Motocorp in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Hero Motocorp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4426.95 and Hero Motocorp (HEROMOTOCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Hero Motocorp (HEROMOTOCO) stock. Volume based technical analysis of Hero Motocorp (HEROMOTOCO) stock is negative.

Hero Motocorp Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.