Login or Join
Learn then Earn

(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)

10 day averaged volume of Hero Motocorp is 1187079

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 5089.20 5135.00 5168.60 5072.85 0.514 times
16 Thu May 2024 5141.35 5064.95 5154.95 5041.70 1.092 times
15 Wed May 2024 5057.30 5058.00 5103.00 5020.75 0.744 times
14 Tue May 2024 5043.45 4914.90 5051.00 4905.05 1.125 times
13 Mon May 2024 4885.55 4908.00 4909.95 4730.60 0.526 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4915.5, but if it comes below 4915.5, then a intra day sell could be more profitable.
If you take a sell trade below 4915.5, then use 4915.5 as stoploss and 4641.42 as target. However if you take a buy trade in stock , then use 4915.5 as stoploss and 5244.4 as target.

Share price targets for Hero Motocorp (HEROMOTOCO)

Target Type Value
Downside Target 3929.85
Downside Target 4168.15
Downside Target 4349.05
Downside Target 4540.80
Downside Target 4662.00
Downside Target 4730.60
Downside Target 4750.00
Downside Target 4779.75
Downside Target 4949.05
Downside Target 4954.35
Upside Target 5168.60

Intraday share price targets for Hero Motocorp (HEROMOTOCO)

Target Type Value
Downside Intraday Target 4823.67
Downside Intraday Target 4558.13
Upside Intraday Target 5261.67
Upside Intraday Target 5434.13
Downside Intraday Target 4996.13

Weekly technical analysis of Hero Motocorp (HEROMOTOCO)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 5089.20 4908.00 5168.60 4730.60 0.667 times
10 Fri May 2024 4877.40 4571.95 4954.35 4414.65 2.766 times
03 Fri May 2024 4552.75 4530.00 4625.00 4445.60 0.751 times
26 Fri Apr 2024 4491.60 4239.85 4540.80 4206.90 1.09 times
19 Fri Apr 2024 4213.70 4430.00 4446.45 4168.15 1.204 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
17 Fri May 2024 5089.20 4625.00 5168.60 4414.65 0.853 times
30 Tue Apr 2024 4543.05 4740.00 4779.75 4168.15 1.355 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

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 39, 10, 59 Buy
MACD 256, 168Buy
Stochastics 94Buy
CCI 93Sell
RSI 64Buy
OBV 10609405Sell
VWAP 4864Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short 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.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short 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.

Price action analysis of Hero Motocorp ( (HEROMOTOCO) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Hero Motocorp in short term and the buy signal is strong.

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

Hero Motocorp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Hero Motocorp in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 4863.55 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 positive

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

Click here for Hero Motocorp charts

Click here for further forecast and predictions for tomorrow

Learn then Earn
Back to top | Use Dark Theme