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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 2024-06-07 View latest technical analysis

10 day averaged volume of Hero Motocorp is 1080258

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	5581.85	5583.90	5637.40	5538.00	0.59 times
06 Thu Jun 2024	5534.25	5655.10	5735.45	5472.35	1.387 times
05 Wed Jun 2024	5658.50	5315.00	5775.20	5315.00	1.906 times
04 Tue Jun 2024	5310.70	5165.00	5349.00	4920.25	1.801 times
03 Mon Jun 2024	5160.60	5280.00	5314.00	5154.60	0.891 times
31 Fri May 2024	5119.60	5175.00	5189.95	5003.50	1.764 times
30 Thu May 2024	5136.00	5129.00	5186.95	5094.70	0.423 times
29 Wed May 2024	5143.75	5171.05	5202.15	5106.05	0.379 times
28 Tue May 2024	5183.95	5084.95	5225.00	5045.00	0.673 times
27 Mon May 2024	5083.90	5126.00	5128.80	5050.00	0.353 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 5600.6, for a target of 5369.9 or 5177.66

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	5775.20

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	5076.33
Downside Intraday Target	4570.82
Upside Intraday Target	5931.28
Upside Intraday Target	6280.72
Downside Intraday Target	5425.77

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	5581.85	5280.00	5775.20	4920.25	1.83 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	5581.85	5280.00	5775.20	4920.25	0.375 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 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 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 BUY. Signal strength is Strong 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 moving up

CCI has generated a buy signal for Hero Motocorp in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 5346.06 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.