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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 2024-08-16 View latest technical analysis

10 day averaged volume of Hero Motocorp is 715341

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	5128.10	5120.00	5138.95	5020.05	0.95 times
14 Wed Aug 2024	5072.45	5280.00	5297.60	4991.00	3.055 times
13 Tue Aug 2024	5245.50	5350.00	5407.30	5216.00	1.458 times
12 Mon Aug 2024	5311.85	5214.80	5325.00	5185.00	0.796 times
09 Fri Aug 2024	5207.20	5204.95	5246.65	5190.75	0.466 times
08 Thu Aug 2024	5158.90	5235.00	5252.00	5146.90	0.34 times
07 Wed Aug 2024	5241.15	5230.00	5314.75	5223.20	0.721 times
06 Tue Aug 2024	5173.80	5200.25	5255.10	5158.00	0.773 times
05 Mon Aug 2024	5183.90	5180.05	5247.00	5123.00	0.614 times
02 Fri Aug 2024	5274.20	5325.00	5374.10	5236.45	0.563 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5187.5, but if it comes above 5187.5, then a intra day buy could be more profitable.
If you take a sell trade below 5187.5, then use 5187.5 as stoploss and 5026.7 as target. However if you take a buy trade in stock , then use 5187.5 as stoploss and 5321.51 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	5407.30
Upside Target	5487.45
Upside Target	5548.00
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	4943.63
Downside Intraday Target	4759.17
Upside Intraday Target	5359.93
Upside Intraday Target	5591.77
Upside Intraday Target	5175.47

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	5128.10	5214.80	5407.30	4991.00	2.147 times
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

Price has moved down 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
16 Fri Aug 2024	5128.10	5487.45	5487.45	4991.00	0.653 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Hero Motocorp stock for short term is SELL. Signal strength is Strong and stock is losing 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Hero Motocorp in short term and SELL signal is strong!

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

Stock of Hero Motocorp is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5172.08 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.