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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 2024-08-20 View latest technical analysis

10 day averaged volume of Hero Motocorp is 727701

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	5244.40	5199.00	5350.00	5190.00	1.323 times
19 Mon Aug 2024	5188.90	5149.00	5224.00	5107.55	0.982 times
16 Fri Aug 2024	5128.10	5120.00	5138.95	5020.05	0.934 times
14 Wed Aug 2024	5072.45	5280.00	5297.60	4991.00	3.003 times
13 Tue Aug 2024	5245.50	5350.00	5407.30	5216.00	1.433 times
12 Mon Aug 2024	5311.85	5214.80	5325.00	5185.00	0.783 times
09 Fri Aug 2024	5207.20	5204.95	5246.65	5190.75	0.458 times
08 Thu Aug 2024	5158.90	5235.00	5252.00	5146.90	0.335 times
07 Wed Aug 2024	5241.15	5230.00	5314.75	5223.20	0.708 times
06 Tue Aug 2024	5173.80	5200.25	5255.10	5158.00	0.76 times

My analysis of stock is bearish for shortterm, and stock might move down till 5168.1 or till 5011.4. Use a stoploss of 5298.64 and if the stock hits stoploss, then it can shoot up till 5429.21

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	5107.55
Upside Target	5350.00
Upside Target	5407.30
Upside Target	5487.45
Upside Target	5548.00
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	5117.97
Downside Intraday Target	4991.53
Upside Intraday Target	5360.42
Upside Intraday Target	5476.43
Downside Intraday Target	5233.98

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	5244.40	5149.00	5350.00	5107.55	0.375 times
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

Price has moved up 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
20 Tue Aug 2024	5244.40	5487.45	5487.45	4991.00	0.793 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 and BUY 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

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 5176.61 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 negative.

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