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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 2024-10-21 View latest technical analysis

10 day averaged volume of Hero Motocorp is 606770

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	5242.25	5216.20	5253.85	5085.05	1.221 times
18 Fri Oct 2024	5216.20	5217.45	5288.65	5146.05	0.705 times
17 Thu Oct 2024	5217.45	5363.05	5363.05	5100.00	3.21 times
16 Wed Oct 2024	5398.20	5505.65	5519.00	5387.00	0.831 times
15 Tue Oct 2024	5505.65	5565.00	5587.65	5464.00	0.499 times
14 Mon Oct 2024	5555.35	5504.00	5575.00	5499.85	0.671 times
11 Fri Oct 2024	5476.30	5460.50	5488.35	5440.00	0.499 times
10 Thu Oct 2024	5456.10	5588.00	5594.95	5445.00	0.955 times
09 Wed Oct 2024	5554.60	5541.05	5588.00	5530.00	0.724 times
08 Tue Oct 2024	5529.85	5462.00	5545.00	5411.00	0.781 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5340.6, but if it comes above 5340.6, then a intra day buy could be more profitable.
If you take a sell trade below 5340.6, then use 5340.6 as stoploss and 4986.5 as target. However if you take a buy trade in stock , then use 5340.6 as stoploss and 5635.68 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Target	4920.25
Upside Target	5253.85
Upside Target	5587.65
Upside Target	5608.45
Upside Target	5728.30
Upside Target	5794.00
Upside Target	5890.00
Upside Target	5894.55
Upside Target	5904.10
Upside Target	6246.25

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type	Value
Downside Intraday Target	5133.58
Downside Intraday Target	5024.92
Upside Intraday Target	5302.38
Upside Intraday Target	5362.52
Downside Intraday Target	5193.72

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	5242.25	5216.20	5253.85	5085.05	0.206 times
18 Fri Oct 2024	5216.20	5504.00	5587.65	5100.00	1.448 times
11 Fri Oct 2024	5476.30	5569.95	5608.45	5411.00	0.583 times
04 Fri Oct 2024	5520.85	5890.00	5890.00	5484.00	1.109 times
27 Fri Sep 2024	5957.35	6050.00	6246.25	5904.10	0.841 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
21 Mon Oct 2024	5242.25	5712.40	5794.00	5085.05	0.583 times
30 Mon Sep 2024	5712.40	5535.00	6246.25	5517.00	1.065 times
30 Fri Aug 2024	5455.40	5487.45	5518.00	4991.00	1.305 times
31 Wed Jul 2024	5488.45	5595.00	5728.30	5329.70	0.714 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 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 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 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 5355.67 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.