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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.

Showing technical analysis as on 2024-02-19 View latest technical analysis

10 day averaged volume of Hero Motocorp is 648950

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	4852.60	4928.95	4944.00	4843.85	0.808 times
16 Fri Feb 2024	4894.30	4830.00	4920.00	4830.00	1.308 times
15 Thu Feb 2024	4816.95	4830.20	4854.80	4787.05	0.817 times
14 Wed Feb 2024	4814.05	4707.00	4825.00	4661.10	1.133 times
13 Tue Feb 2024	4744.80	4728.00	4829.85	4706.30	1.446 times
12 Mon Feb 2024	4687.50	4949.05	4949.05	4627.55	2.037 times
09 Fri Feb 2024	4908.85	4840.00	4924.00	4792.10	1.107 times
08 Thu Feb 2024	4807.90	4795.95	4824.70	4764.40	0.684 times
07 Wed Feb 2024	4793.35	4790.00	4817.25	4730.15	0.41 times
06 Tue Feb 2024	4783.45	4746.55	4792.00	4733.00	0.402 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4840.9, but if it comes below 4840.9, then a intra day sell could be more profitable.
If you take a sell trade below 4840.9, then use 4840.9 as stoploss and 4683.97 as target. However if you take a buy trade in stock , then use 4840.9 as stoploss and 5029.3 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	2923.95
Downside Target	3041.50
Downside Target	3275.00
Downside Target	3683.00
Downside Target	3884.50
Downside Target	4193.40
Downside Target	4310.90
Downside Target	4426.35
Downside Target	4560.00
Downside Target	4843.85
Upside Target	4924.00
Upside Target	4944.00
Upside Target	4949.05

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	4816.3
Downside Intraday Target	4780
Upside Intraday Target	4916.45
Upside Intraday Target	4980.3
Upside Intraday Target	4880.15

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	4852.60	4928.95	4944.00	4843.85	0.12 times
16 Fri Feb 2024	4894.30	4949.05	4949.05	4627.55	2.068 times
09 Fri Feb 2024	4908.85	4720.00	4924.00	4700.00	0.617 times
02 Fri Feb 2024	4717.30	4448.00	4769.30	4426.35	1.237 times
25 Thu Jan 2024	4442.15	4410.00	4560.00	4310.90	0.969 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 Mon Feb 2024	4852.60	4621.70	4949.05	4575.00	0.558 times
31 Wed Jan 2024	4621.55	4139.55	4662.00	3929.85	0.974 times
29 Fri Dec 2023	4139.55	3860.00	4193.40	3683.00	0.9 times
30 Thu Nov 2023	3819.05	3095.95	3884.50	3041.50	1.691 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Hero Motocorp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Hero Motocorp in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4800.3 and Hero Motocorp (HEROMOTOCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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