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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 2024-08-09 View latest technical analysis

10 day averaged volume of Hero Motocorp is 524053

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	5207.20	5204.95	5246.65	5190.75	0.637 times
08 Thu Aug 2024	5158.90	5235.00	5252.00	5146.90	0.465 times
07 Wed Aug 2024	5241.15	5230.00	5314.75	5223.20	0.984 times
06 Tue Aug 2024	5173.80	5200.25	5255.10	5158.00	1.055 times
05 Mon Aug 2024	5183.90	5180.05	5247.00	5123.00	0.838 times
02 Fri Aug 2024	5274.20	5325.00	5374.10	5236.45	0.768 times
01 Thu Aug 2024	5371.85	5487.45	5487.45	5325.40	1.657 times
31 Wed Jul 2024	5488.45	5452.90	5536.15	5405.20	1.661 times
30 Tue Jul 2024	5444.30	5455.00	5548.00	5410.60	0.787 times
29 Mon Jul 2024	5424.35	5505.25	5532.65	5397.30	0.798 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5258.3, but if it comes above 5258.3, then a intra day buy could be more profitable.
If you take a sell trade below 5258.3, then use 5258.3 as stoploss and 5093.9 as target. However if you take a buy trade in stock , then use 5258.3 as stoploss and 5395.3 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	4168.15
Downside Target	4414.65
Downside Target	4779.75
Downside Target	4920.25
Downside Target	5123.00
Upside Target	5487.45
Upside Target	5548.00
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	5115.22
Downside Intraday Target	5023.23
Upside Intraday Target	5306.97
Upside Intraday Target	5406.73
Upside Intraday Target	5214.98

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	5207.20	5180.05	5314.75	5123.00	0.702 times
02 Fri Aug 2024	5274.20	5505.25	5548.00	5236.45	0.989 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

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
09 Fri Aug 2024	5207.20	5487.45	5487.45	5123.00	0.28 times
31 Wed Jul 2024	5488.45	5595.00	5728.30	5329.70	0.714 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

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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Hero Motocorp in short term and the sell signal is strong.

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 below 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 SELL signal in short term and selling is picking up 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 5321.97 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.