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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 2024-04-08 View latest technical analysis

10 day averaged volume of Hero Motocorp is 853911

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	4595.10	4540.00	4608.85	4525.10	0.833 times
05 Fri Apr 2024	4524.90	4480.50	4565.60	4468.35	0.709 times
04 Thu Apr 2024	4522.95	4585.00	4590.00	4462.75	1.614 times
03 Wed Apr 2024	4557.20	4584.90	4603.25	4526.50	0.798 times
02 Tue Apr 2024	4560.80	4650.00	4685.45	4522.00	1.573 times
01 Mon Apr 2024	4680.75	4740.00	4779.75	4662.10	0.778 times
28 Thu Mar 2024	4722.30	4604.00	4750.00	4583.20	1.273 times
27 Wed Mar 2024	4572.55	4692.00	4698.00	4560.00	0.812 times
26 Tue Mar 2024	4671.15	4684.00	4724.55	4633.55	0.645 times
22 Fri Mar 2024	4684.00	4538.80	4736.35	4517.60	1.056 times

My analysis of stock is bearish for shortterm, and stock might move down till 4530.1 or till 4447.7. Use a stoploss of 4598.71 and if the stock hits stoploss, then it can shoot up till 4667.35

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	3683.00
Downside Target	3929.85
Downside Target	4193.40
Downside Target	4349.05
Downside Target	4445.20
Upside Target	4725.00
Upside Target	4736.35
Upside Target	4750.00
Upside Target	4779.75
Upside Target	4949.05

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	4543.85
Downside Intraday Target	4492.6
Upside Intraday Target	4627.6
Upside Intraday Target	4660.1
Downside Intraday Target	4576.35

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	4595.10	4540.00	4608.85	4525.10	0.152 times
05 Fri Apr 2024	4524.90	4740.00	4779.75	4462.75	2.004 times
28 Thu Mar 2024	4722.30	4684.00	4750.00	4560.00	0.905 times
22 Fri Mar 2024	4684.00	4560.50	4736.35	4445.20	0.707 times
15 Fri Mar 2024	4585.30	4700.00	4725.00	4455.00	1.777 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
08 Mon Apr 2024	4595.10	4740.00	4779.75	4462.75	0.478 times
28 Thu Mar 2024	4722.30	4459.90	4750.00	4445.20	0.673 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

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 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 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 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 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 red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 4605.28 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 positive

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