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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 2024-03-02 View latest technical analysis

10 day averaged volume of Hero Motocorp is 911484

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	4581.45	4570.05	4595.00	4552.35	0.172 times
01 Fri Mar 2024	4507.10	4459.90	4525.00	4450.00	0.56 times
29 Thu Feb 2024	4426.50	4379.00	4454.00	4350.00	1.699 times
28 Wed Feb 2024	4375.05	4440.00	4459.20	4349.05	0.625 times
27 Tue Feb 2024	4430.05	4501.80	4519.00	4408.00	0.911 times
26 Mon Feb 2024	4496.10	4523.95	4530.00	4470.15	0.664 times
23 Fri Feb 2024	4519.25	4535.00	4604.95	4485.10	0.899 times
22 Thu Feb 2024	4495.15	4559.95	4578.80	4440.65	1.582 times
21 Wed Feb 2024	4534.85	4594.65	4619.95	4508.00	1.22 times
20 Tue Feb 2024	4663.35	4852.60	4882.00	4653.00	1.266 times

My analysis of stock is bearish for shortterm, and stock might move down till 4487.4 or till 4284.4. Use a stoploss of 4656.63 and if the stock hits stoploss, then it can shoot up till 4825.83

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	3041.50
Downside Target	3683.00
Downside Target	3884.50
Downside Target	4193.40
Downside Target	4349.05
Upside Target	4595.00
Upside Target	4662.00
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	4422
Downside Intraday Target	4262.55
Upside Intraday Target	4667.95
Upside Intraday Target	4754.45
Downside Intraday Target	4508.5

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	4581.45	4523.95	4595.00	4349.05	0.836 times
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

Price has moved up 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
02 Sat Mar 2024	4581.45	4459.90	4595.00	4450.00	0.04 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
29 Fri Dec 2023	4139.55	3860.00	4193.40	3683.00	0.9 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Hero Motocorp in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 4500.8 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 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.