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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 2024-04-15 View latest technical analysis

10 day averaged volume of Hero Motocorp is 836962

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	4381.20	4430.00	4440.55	4368.95	0.771 times
12 Fri Apr 2024	4440.80	4509.00	4522.80	4431.00	0.524 times
10 Wed Apr 2024	4494.90	4551.70	4551.70	4475.90	0.615 times
09 Tue Apr 2024	4521.70	4615.00	4673.25	4505.00	1.13 times
08 Mon Apr 2024	4595.10	4540.00	4608.85	4525.10	0.85 times
05 Fri Apr 2024	4524.90	4480.50	4565.60	4468.35	0.723 times
04 Thu Apr 2024	4522.95	4585.00	4590.00	4462.75	1.647 times
03 Wed Apr 2024	4557.20	4584.90	4603.25	4526.50	0.814 times
02 Tue Apr 2024	4560.80	4650.00	4685.45	4522.00	1.604 times
01 Mon Apr 2024	4680.75	4740.00	4779.75	4662.10	0.794 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4380.3, for a target of 4481.5 or 4565.86

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
Upside Target	4560.00
Upside Target	4662.00
Upside Target	4673.25
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	4353.25
Downside Intraday Target	4325.3
Upside Intraday Target	4424.85
Upside Intraday Target	4468.5
Upside Intraday Target	4396.9

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	4381.20	4430.00	4440.55	4368.95	0.247 times
12 Fri Apr 2024	4440.80	4540.00	4673.25	4431.00	0.559 times
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

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
15 Mon Apr 2024	4381.20	4740.00	4779.75	4368.95	0.704 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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

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 4534.1 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 positive

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