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Stock analysis Hero MotoCorp Limited HEROMOTOCO

More indepth analysis on MunafaSutra.com

Moving Averages for Hero MotoCorp Limited

  • 5Day Average: 4510.43
  • 12Day Average: 4397.63
  • 20Day Average: 4449.5
  • 50Day Average: 4536.32
  • 100Day Average: 4398.92
  • 150Day Average: 4004.58
  • 200Day Average: 3759.55

HEROMOTOCO Indicators & signals

Indicator MACD (12,26,9)

4462.4, 4478.59, -40
Indicator MACD is in negative zone

Indicator ADX (14)

14.84, 26.5, 19.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HEROMOTOCO Hero MotoCorp Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 4561.50 4551.30 to 4625.00 0.41% 1.1 times
30 Tue Apr 2024 4543.05 4465.00 to 4588.20 1.91% 1.13 times
29 Mon Apr 2024 4457.70 4445.60 to 4530.00 -0.75% 0.8 times
26 Fri Apr 2024 4491.60 4466.45 to 4540.80 -0.15% 0.68 times
25 Thu Apr 2024 4498.30 4366.90 to 4515.00 2.39% 1.5 times
24 Wed Apr 2024 4393.35 4335.10 to 4405.35 1.11% 0.9 times
23 Tue Apr 2024 4345.05 4286.90 to 4368.90 0.77% 0.75 times
22 Mon Apr 2024 4311.90 4206.90 to 4335.00 2.33% 0.84 times
19 Fri Apr 2024 4213.70 4168.15 to 4251.25 -0.88% 0.92 times
18 Thu Apr 2024 4251.30 4231.60 to 4398.65 -1.66% 1.5 times
16 Tue Apr 2024 4322.90 4288.05 to 4446.45 -1.33% 0.98 times
15 Mon Apr 2024 4381.20 4368.95 to 4440.55 -1.34% 0.88 times

Technical analysis forecast of Hero MotoCorp Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Hero MotoCorp Limited HEROMOTOCO at this time. Stock is rising and might rise more.

It appears as if Hero MotoCorp Limited HEROMOTOCO gave a large move recently.

Stock of Hero MotoCorp Limited (HEROMOTOCO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Hero MotoCorp Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 4578 as stoploss in an intra day sell trade for a target of 4468.97. However, stock will show a bullish move above 4578.

More indepth analysis on MunafaSutra.com