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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 2024-03-12 View latest technical analysis

10 day averaged volume of Hero Motocorp is 631072

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	4658.90	4666.30	4697.00	4633.00	0.496 times
11 Mon Mar 2024	4671.70	4700.00	4725.00	4600.55	1.021 times
07 Thu Mar 2024	4652.90	4650.00	4704.00	4620.80	1.085 times
06 Wed Mar 2024	4635.30	4580.00	4649.00	4536.10	0.56 times
05 Tue Mar 2024	4590.00	4611.65	4644.75	4571.85	0.701 times
04 Mon Mar 2024	4611.70	4589.95	4630.00	4563.00	0.904 times
02 Sat Mar 2024	4581.45	4570.05	4595.00	4552.35	0.248 times
01 Fri Mar 2024	4507.10	4459.90	4525.00	4450.00	0.809 times
29 Thu Feb 2024	4426.50	4379.00	4454.00	4350.00	2.453 times
28 Wed Feb 2024	4375.05	4440.00	4459.20	4349.05	0.903 times

My analysis of stock is bullish for shortterm, and stock might move up till 4754.3 or till 4925.9. Use a stoploss of 4611.36 and if this stock hits its stoploss, then it can fall down till 4468.4

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	4662.00
Upside Target	4704.00
Upside Target	4725.00
Upside Target	4944.00
Upside Target	4949.05

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	4597.97
Downside Intraday Target	4537.03
Upside Intraday Target	4722.42
Upside Intraday Target	4785.93
Upside Intraday Target	4661.48

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	4658.90	4700.00	4725.00	4600.55	0.467 times
07 Thu Mar 2024	4652.90	4589.95	4704.00	4536.10	0.486 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

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
12 Tue Mar 2024	4658.90	4459.90	4725.00	4450.00	0.219 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Hero Motocorp in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 4542.77 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.