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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 2024-02-21 View latest technical analysis

10 day averaged volume of Hero Motocorp is 748057

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	4534.85	4594.65	4619.95	4508.00	1.487 times
20 Tue Feb 2024	4663.35	4852.60	4882.00	4653.00	1.542 times
19 Mon Feb 2024	4852.60	4928.95	4944.00	4843.85	0.701 times
16 Fri Feb 2024	4894.30	4830.00	4920.00	4830.00	1.135 times
15 Thu Feb 2024	4816.95	4830.20	4854.80	4787.05	0.709 times
14 Wed Feb 2024	4814.05	4707.00	4825.00	4661.10	0.983 times
13 Tue Feb 2024	4744.80	4728.00	4829.85	4706.30	1.254 times
12 Mon Feb 2024	4687.50	4949.05	4949.05	4627.55	1.767 times
09 Fri Feb 2024	4908.85	4840.00	4924.00	4792.10	0.96 times
08 Thu Feb 2024	4807.90	4795.95	4824.70	4764.40	0.594 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4565.2, but if it comes above 4565.2, then a intra day buy could be more profitable.
If you take a sell trade below 4565.2, then use 4565.2 as stoploss and 4401.5 as target. However if you take a buy trade in stock , then use 4565.2 as stoploss and 4701.59 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
Upside Target	4700.00
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	4380.57
Downside Intraday Target	4226.28
Upside Intraday Target	4816.57
Upside Intraday Target	5098.28
Upside Intraday Target	4662.28

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	4534.85	4928.95	4944.00	4508.00	0.638 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
21 Wed Feb 2024	4534.85	4621.70	4949.05	4508.00	0.704 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 4746.63 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.