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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 2024-07-29 View latest technical analysis

10 day averaged volume of Hero Motocorp is 506726

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	5424.35	5505.25	5532.65	5397.30	0.825 times
26 Fri Jul 2024	5478.90	5410.00	5546.20	5397.35	1.021 times
25 Thu Jul 2024	5403.20	5401.00	5450.30	5353.00	0.866 times
24 Wed Jul 2024	5417.75	5513.00	5513.00	5405.00	1.428 times
23 Tue Jul 2024	5513.55	5485.00	5659.85	5329.70	1.794 times
22 Mon Jul 2024	5463.15	5422.00	5490.00	5390.00	0.819 times
19 Fri Jul 2024	5427.70	5519.95	5527.75	5371.00	0.731 times
18 Thu Jul 2024	5502.20	5545.50	5578.00	5417.10	1.661 times
16 Tue Jul 2024	5578.10	5617.00	5659.00	5562.00	0.664 times
15 Mon Jul 2024	5606.35	5547.00	5639.00	5528.60	0.492 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5454.7, but if it comes above 5454.7, then a intra day buy could be more profitable.
If you take a sell trade below 5454.7, then use 5454.7 as stoploss and 5379.1 as target. However if you take a buy trade in stock , then use 5454.7 as stoploss and 5517.73 as target.

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	5329.70
Upside Target	5532.65
Upside Target	5650.00
Upside Target	5659.00
Upside Target	5659.85
Upside Target	5728.30
Upside Target	5894.55

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	5370.22
Downside Intraday Target	5316.08
Upside Intraday Target	5505.57
Upside Intraday Target	5586.78
Upside Intraday Target	5451.43

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	5424.35	5505.25	5532.65	5397.30	0.139 times
26 Fri Jul 2024	5478.90	5422.00	5659.85	5329.70	1.671 times
19 Fri Jul 2024	5427.70	5547.00	5659.00	5371.00	0.832 times
12 Fri Jul 2024	5546.90	5565.65	5650.00	5470.60	0.649 times
05 Fri Jul 2024	5558.05	5595.00	5728.30	5382.60	0.984 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
29 Mon Jul 2024	5424.35	5595.00	5728.30	5329.70	0.638 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. 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 weakening, and bulls 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 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 5477.07 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 negative.

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