Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-23 View latest technical analysis

10 day averaged volume of Hero Motocorp is 932454

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	4519.25	4535.00	4604.95	4485.10	0.878 times
22 Thu Feb 2024	4495.15	4559.95	4578.80	4440.65	1.546 times
21 Wed Feb 2024	4534.85	4594.65	4619.95	4508.00	1.193 times
20 Tue Feb 2024	4663.35	4852.60	4882.00	4653.00	1.237 times
19 Mon Feb 2024	4852.60	4928.95	4944.00	4843.85	0.562 times
16 Fri Feb 2024	4894.30	4830.00	4920.00	4830.00	0.91 times
15 Thu Feb 2024	4816.95	4830.20	4854.80	4787.05	0.569 times
14 Wed Feb 2024	4814.05	4707.00	4825.00	4661.10	0.789 times
13 Tue Feb 2024	4744.80	4728.00	4829.85	4706.30	1.006 times
12 Mon Feb 2024	4687.50	4949.05	4949.05	4627.55	1.418 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4584.4, but if it comes above 4584.4, then a intra day buy could be more profitable.
If you take a sell trade below 4584.4, then use 4584.4 as stoploss and 4435.6 as target. However if you take a buy trade in stock , then use 4584.4 as stoploss and 4708.52 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	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	4325.27
Downside Intraday Target	4131.28
Upside Intraday Target	4828.62
Upside Intraday Target	5137.98
Upside Intraday Target	4634.63

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	4519.25	4928.95	4944.00	4440.65	1.155 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
23 Fri Feb 2024	4519.25	4621.70	4949.05	4440.65	0.85 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 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 4673.15 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.