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Technicals for Hero MotoCorp Limited
By MusingTheNews
2025-05-30 20:38
Overall Technical outlook
Price Summary
2025-05-29, saw HEROMOTOCO's stock open at 4384.0, hit a peak of 4384.0, fall to a low of 4340.0, and close down -0.62% at 4356.6, with 368999 shares changing hands. In the last 52 weeks, the stock's top price was 6190.55 and the bottom price was 3493.1. 36 analysts suggest that HEROMOTOCO's future price will lie between 3330.0 and 6200.0, with an average expected price of roughly 4593.5835.
Technicals
Support and Resistance: The price for HEROMOTOCO at 4356.6 is supported by the 4339.95 level and faces resistance at 4339.95. This range indicates key levels where the price may find buyers near 4339.95 and sellers near 4339.95, defining a trading range. Support/Resistance for HEROMOTOCO
Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Hero MotoCorp Limited. This suggests a period of market balance, where neither side is showing dominance. Aroon chart for Hero MotoCorp Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Hero MotoCorp Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for HEROMOTOCO. Parabolic Stop and Reverse chart for Hero MotoCorp Limited
Stochastic: The K-line has dipped below the D-line on the stochastic indicator while staying above 80, indicating that a bearish price move may be imminent. This pattern suggests that the market's upward momentum is faltering for Hero MotoCorp Limited, which could result in a reversal. Investors should pay attention to this potential change in trend. Stochastic chart for Hero MotoCorp Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral for HEROMOTOCO, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Tripple SMA chart for Hero MotoCorp Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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