HEROMOTOCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | HEROMOTOCO | Market Cap | 1,01,533 Cr. | Current Price | 5,074 ₹ | High / Low | 6,390 ₹ |
| Stock P/E | 19.0 | Book Value | 1,078 ₹ | Dividend Yield | 3.25 % | ROCE | 34.1 % |
| ROE | 25.9 % | Face Value | 2.00 ₹ | DMA 50 | 5,179 ₹ | DMA 200 | 5,252 ₹ |
| Chg in FII Hold | 1.72 % | Chg in DII Hold | -1.59 % | PAT Qtr | 1,401 Cr. | PAT Prev Qtr | 1,439 Cr. |
| RSI | 49.1 | MACD | -54.7 | Volume | 5,07,847 | Avg Vol 1Wk | 4,26,147 |
| Low price | 4,158 ₹ | High price | 6,390 ₹ | PEG Ratio | 0.80 | Debt to equity | 0.01 |
| 52w Index | 41.0 % | Qtr Profit Var | 29.6 % | EPS | 263 ₹ | Industry PE | 28.0 |
📈 Chart Patterns: HEROMOTOCO is trading near its support zone (₹5,050–₹5,074). The broader structure shows weakness with repeated failures to cross resistance at ₹5,179 (DMA 50) and ₹5,252 (DMA 200).
📊 Moving Averages: Current price (₹5,074) is below both DMA 50 (₹5,179) and DMA 200 (₹5,252), confirming bearish undertone.
📉 RSI: At 49.1, RSI is neutral, suggesting balanced momentum but no strong bullish signals.
📉 MACD: Negative at -54.7, showing bearish crossover and continuation of downward momentum.
📉 Bollinger Bands: Price is near the lower band, reflecting weak momentum and risk of breakdown if support fails.
📊 Volume Trends: Current volume (5.08L) is slightly above average weekly volume (4.26L), showing increased participation but not strong buying conviction.
⚡ Short-Term Momentum Signals: Bearish bias with weak momentum; rebound possible only if price sustains above ₹5,179.
🎯 Entry Zone: ₹4,950–₹5,050 (support region).
🎯 Exit Zone: ₹5,250–₹5,300 (resistance zone).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹5,252.
Positive
- Strong ROCE (34.1%) and ROE (25.9%) highlight efficient capital usage.
- Dividend yield of 3.25% provides steady income.
- EPS of ₹263 supports long-term earnings visibility.
- FII holdings increased (+1.72%), showing foreign investor confidence.
Limitation
- Price trading below DMA 50 and DMA 200 signals weakness.
- MACD negative (-54.7) confirms bearish sentiment.
- DII holdings decreased (-1.59%), showing reduced domestic confidence.
- Quarterly PAT declined slightly (₹1,439 Cr. to ₹1,401 Cr.).
Company Negative News
- Weak technical setup with RSI and MACD showing bearish signals.
- Neutral momentum limits immediate upside potential.
Company Positive News
- Quarterly profit variation (+29.6%) shows earnings improvement.
- Valuation attractive with P/E of 19.0 vs. industry average of 28.0.
- Strong dividend yield supports investor sentiment.
Industry
- Industry PE at 28.0 vs. HEROMOTOCO PE at 19.0 indicates undervaluation.
- Automobile sector outlook remains steady with demand recovery trends.
Conclusion
HEROMOTOCO is consolidating with bearish undertones. Short-term traders may consider entry around ₹4,950–₹5,050 with exit near ₹5,250–₹5,300. Long-term investors should monitor earnings growth and sector demand before fresh accumulation.
Would you like me to expand this into a peer benchmarking HTML report with Bajaj Auto, TVS Motor, and Eicher Motors, or keep it strictly as a standalone technical rating?