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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 2024-03-06 View latest technical analysis

10 day averaged volume of Hero Motocorp is 749430

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	4635.30	4580.00	4649.00	4536.10	0.471 times
05 Tue Mar 2024	4590.00	4611.65	4644.75	4571.85	0.59 times
04 Mon Mar 2024	4611.70	4589.95	4630.00	4563.00	0.761 times
02 Sat Mar 2024	4581.45	4570.05	4595.00	4552.35	0.209 times
01 Fri Mar 2024	4507.10	4459.90	4525.00	4450.00	0.681 times
29 Thu Feb 2024	4426.50	4379.00	4454.00	4350.00	2.066 times
28 Wed Feb 2024	4375.05	4440.00	4459.20	4349.05	0.76 times
27 Tue Feb 2024	4430.05	4501.80	4519.00	4408.00	1.108 times
26 Mon Feb 2024	4496.10	4523.95	4530.00	4470.15	0.807 times
23 Fri Feb 2024	4519.25	4535.00	4604.95	4485.10	1.093 times

My analysis of stock is bullish for shortterm, and stock might move up till 4788.4 or till 4979.5. Use a stoploss of 4629.25 and if this stock hits its stoploss, then it can fall down till 4470.06

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
Downside Target	4440.65
Upside Target	4649.00
Upside Target	4662.00
Upside Target	4700.00
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	4564.6
Downside Intraday Target	4493.9
Upside Intraday Target	4677.5
Upside Intraday Target	4719.7
Downside Intraday Target	4606.8

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	4635.30	4589.95	4649.00	4536.10	0.324 times
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

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
06 Wed Mar 2024	4635.30	4459.90	4649.00	4450.00	0.121 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 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 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 gaining 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 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 4490.34 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.