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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 2024-06-04 View latest technical analysis

10 day averaged volume of Hero Motocorp is 684848

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	5310.70	5165.00	5349.00	4920.25	2.84 times
03 Mon Jun 2024	5160.60	5280.00	5314.00	5154.60	1.405 times
31 Fri May 2024	5119.60	5175.00	5189.95	5003.50	2.782 times
30 Thu May 2024	5136.00	5129.00	5186.95	5094.70	0.668 times
29 Wed May 2024	5143.75	5171.05	5202.15	5106.05	0.598 times
28 Tue May 2024	5183.95	5084.95	5225.00	5045.00	1.062 times
27 Mon May 2024	5083.90	5126.00	5128.80	5050.00	0.556 times
24 Fri May 2024	5118.30	5105.10	5198.15	5080.05	0.669 times
23 Thu May 2024	5145.20	5000.00	5155.45	4963.05	0.942 times
22 Wed May 2024	4995.95	5050.00	5067.95	4965.00	0.617 times

Stock of Hero Motocorp (HEROMOTOCO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5206.5, but if it comes below 5206.5, then a intra day sell could be more profitable.
If you take a sell trade below 5206.5, then use 5206.5 as stoploss and 5051.74 as target. However if you take a buy trade in stock , then use 5206.5 as stoploss and 5392.1 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	4168.15
Downside Target	4349.05
Downside Target	4730.60
Downside Target	4920.25
Downside Target	4963.05
Downside Target	5003.50
Downside Target	5168.60
Downside Target	5198.15
Downside Target	5225.00
Upside Target	5349.00

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	5037.63
Downside Intraday Target	4764.57
Upside Intraday Target	5466.38
Upside Intraday Target	5622.07
Downside Intraday Target	5193.32

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	5310.70	5280.00	5349.00	4920.25	0.749 times
31 Fri May 2024	5119.60	5126.00	5225.00	5003.50	1.934 times
24 Fri May 2024	5118.30	5075.00	5198.15	4963.05	0.42 times
18 Sat May 2024	5109.85	4908.00	5168.60	4730.60	0.67 times
10 Fri May 2024	4877.40	4571.95	4954.35	4414.65	2.766 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
04 Tue Jun 2024	5310.70	5280.00	5349.00	4920.25	0.154 times
31 Fri May 2024	5119.60	4625.00	5225.00	4414.65	1.24 times
30 Tue Apr 2024	4543.05	4740.00	4779.75	4168.15	1.355 times
28 Thu Mar 2024	4722.30	4459.90	4750.00	4445.20	0.673 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 term time period is neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Hero Motocorp in short term but SELL 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 5170.78 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.