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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 2024-04-05 View latest technical analysis

10 day averaged volume of Hero Motocorp is 835237

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	4524.90	4480.50	4565.60	4468.35	0.725 times
04 Thu Apr 2024	4522.95	4585.00	4590.00	4462.75	1.65 times
03 Wed Apr 2024	4557.20	4584.90	4603.25	4526.50	0.816 times
02 Tue Apr 2024	4560.80	4650.00	4685.45	4522.00	1.608 times
01 Mon Apr 2024	4680.75	4740.00	4779.75	4662.10	0.795 times
28 Thu Mar 2024	4722.30	4604.00	4750.00	4583.20	1.301 times
27 Wed Mar 2024	4572.55	4692.00	4698.00	4560.00	0.83 times
26 Tue Mar 2024	4671.15	4684.00	4724.55	4633.55	0.66 times
22 Fri Mar 2024	4684.00	4538.80	4736.35	4517.60	1.08 times
21 Thu Mar 2024	4519.90	4527.80	4545.00	4445.20	0.759 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4531.6, but if it comes above 4531.6, then a intra day buy could be more profitable.
If you take a sell trade below 4531.6, then use 4531.6 as stoploss and 4448.7 as target. However if you take a buy trade in stock , then use 4531.6 as stoploss and 4600.72 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	3683.00
Downside Target	3929.85
Downside Target	4193.40
Downside Target	4349.05
Downside Target	4445.20
Upside Target	4662.00
Upside Target	4725.00
Upside Target	4736.35
Upside Target	4750.00
Upside Target	4779.75
Upside Target	4949.05

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	4398.52
Downside Intraday Target	4272.13
Upside Intraday Target	4715.52
Upside Intraday Target	4906.13
Upside Intraday Target	4589.13

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	4524.90	4740.00	4779.75	4462.75	2.004 times
28 Thu Mar 2024	4722.30	4684.00	4750.00	4560.00	0.905 times
22 Fri Mar 2024	4684.00	4560.50	4736.35	4445.20	0.707 times
15 Fri Mar 2024	4585.30	4700.00	4725.00	4455.00	1.777 times
07 Thu Mar 2024	4652.90	4589.95	4704.00	4536.10	0.486 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
05 Fri Apr 2024	4524.90	4740.00	4779.75	4462.75	0.415 times
28 Thu Mar 2024	4722.30	4459.90	4750.00	4445.20	0.673 times
29 Thu Feb 2024	4426.50	4621.70	4949.05	4349.05	1.078 times
31 Wed Jan 2024	4621.55	4139.55	4662.00	3929.85	0.974 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 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 losing momentum.

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

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 BUY signal in short term but buying is losing 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 4599.8 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 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.