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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 2024-03-13 View latest technical analysis

10 day averaged volume of Hero Motocorp is 579328

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	4512.10	4646.00	4686.75	4476.55	1.209 times
12 Tue Mar 2024	4658.90	4666.30	4697.00	4633.00	0.54 times
11 Mon Mar 2024	4671.70	4700.00	4725.00	4600.55	1.112 times
07 Thu Mar 2024	4652.90	4650.00	4704.00	4620.80	1.182 times
06 Wed Mar 2024	4635.30	4580.00	4649.00	4536.10	0.61 times
05 Tue Mar 2024	4590.00	4611.65	4644.75	4571.85	0.764 times
04 Mon Mar 2024	4611.70	4589.95	4630.00	4563.00	0.984 times
02 Sat Mar 2024	4581.45	4570.05	4595.00	4552.35	0.271 times
01 Fri Mar 2024	4507.10	4459.90	4525.00	4450.00	0.881 times
29 Thu Feb 2024	4426.50	4379.00	4454.00	4350.00	2.672 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4459.7 as stoploss in an intra day buy trade for a target of 4596.27. However, stock will show a bearish move below 4459.7.

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	4417.43
Downside Intraday Target	4322.77
Upside Intraday Target	4665.88
Upside Intraday Target	4819.67
Upside Intraday Target	4571.22

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	4512.10	4700.00	4725.00	4476.55	0.808 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 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
13 Wed Mar 2024	4512.10	4459.90	4725.00	4450.00	0.261 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 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 short to mid 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 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 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 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 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 4555.27 and Hero Motocorp (HEROMOTOCO) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.