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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 2024-02-20 View latest technical analysis

10 day averaged volume of Hero Motocorp is 658783

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	4663.35	4852.60	4882.00	4653.00	1.751 times
19 Mon Feb 2024	4852.60	4928.95	4944.00	4843.85	0.796 times
16 Fri Feb 2024	4894.30	4830.00	4920.00	4830.00	1.288 times
15 Thu Feb 2024	4816.95	4830.20	4854.80	4787.05	0.805 times
14 Wed Feb 2024	4814.05	4707.00	4825.00	4661.10	1.116 times
13 Tue Feb 2024	4744.80	4728.00	4829.85	4706.30	1.424 times
12 Mon Feb 2024	4687.50	4949.05	4949.05	4627.55	2.007 times
09 Fri Feb 2024	4908.85	4840.00	4924.00	4792.10	1.09 times
08 Thu Feb 2024	4807.90	4795.95	4824.70	4764.40	0.674 times
07 Wed Feb 2024	4793.35	4790.00	4817.25	4730.15	0.404 times

My analysis of stock is bearish for shortterm, and stock might move down till 4553.9 or till 4382. Use a stoploss of 4697.06 and if the stock hits stoploss, then it can shoot up till 4840.26

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
Upside Target	4769.30
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	4562.9
Downside Intraday Target	4462.45
Upside Intraday Target	4853.9
Upside Intraday Target	5044.45
Upside Intraday Target	4753.45

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	4663.35	4928.95	4944.00	4653.00	0.384 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
20 Tue Feb 2024	4663.35	4621.70	4949.05	4575.00	0.632 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing momentum.

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

Hero Motocorp Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4779.77 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 positive

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