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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 2024-07-08 View latest technical analysis

10 day averaged volume of Hero Motocorp is 670885

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	5501.90	5565.65	5630.00	5487.55	0.713 times
05 Fri Jul 2024	5558.05	5558.35	5597.00	5382.60	0.914 times
04 Thu Jul 2024	5558.35	5594.00	5603.95	5530.60	1.008 times
03 Wed Jul 2024	5579.75	5599.90	5627.95	5553.05	0.491 times
02 Tue Jul 2024	5567.10	5670.00	5674.00	5500.00	1.028 times
01 Mon Jul 2024	5603.10	5595.00	5728.30	5585.00	1.518 times
28 Fri Jun 2024	5579.60	5500.00	5605.25	5452.10	0.804 times
27 Thu Jun 2024	5485.20	5459.90	5510.00	5421.00	1.303 times
26 Wed Jun 2024	5453.00	5529.00	5544.00	5428.00	0.573 times
25 Tue Jun 2024	5510.00	5565.90	5579.85	5473.45	1.667 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 5488.9 as stoploss in an intra day buy trade for a target of 5609.94. However, stock will show a bearish move below 5488.9.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	4168.15
Downside Target	4414.65
Downside Target	4750.00
Downside Target	4920.25
Downside Target	5225.00
Downside Target	5382.60
Upside Target	5605.25
Upside Target	5630.00
Upside Target	5728.30
Upside Target	5864.75
Upside Target	5894.55

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	5449.63
Downside Intraday Target	5397.37
Upside Intraday Target	5592.08
Upside Intraday Target	5682.27
Upside Intraday Target	5539.82

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	5501.90	5565.65	5630.00	5487.55	0.144 times
05 Fri Jul 2024	5558.05	5595.00	5728.30	5382.60	0.984 times
28 Fri Jun 2024	5579.60	5390.00	5605.25	5390.00	1.361 times
21 Fri Jun 2024	5452.00	5824.00	5894.55	5432.00	0.65 times
14 Fri Jun 2024	5804.20	5585.00	5864.75	5581.05	0.538 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
08 Mon Jul 2024	5501.90	5595.00	5728.30	5382.60	0.227 times
28 Fri Jun 2024	5579.60	5280.00	5894.55	4920.25	0.887 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short to mid 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 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.

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. Bears are getting stronger in this stock.

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 buy signal for Hero Motocorp in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 5541.15 and Hero Motocorp (HEROMOTOCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.