HEROMOTOCO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a detailed breakdown of HEROMOTOCO’s technical chart indicators and momentum signals to map out an actionable strategy

📊 Trend Status

Current Price (₹4,325) is slightly above both DMA 50 (₹4,268) and DMA 200 (₹4,292) — mildly bullish setup, but not convincingly strong yet.

The stock is emerging from a base and showing early signs of trend resumption, possibly shifting from consolidation to uptrend.

Historical price action suggests a wide range (₹3,323 – ₹6,246), and the current level is closer to support than peak — decent risk-reward setup.

💹 Momentum Indicators

RSI (50.6): Neutral zone — indicates stable momentum, room for upside without being overbought.

MACD (7.28): Positive and above signal line → a bullish crossover, supporting short-term upward momentum.

Volume Trend: Current volume is slightly below 1-week average → neutral, might need a volume spike for breakout confirmation.

📉 Bollinger Band Outlook

Price is likely near the middle band, tracking steadily. Watch for expansion of bands — a volatility breakout could push the stock toward upper Bollinger band (resistance).

📈 Support & Resistance Levels

Zone Type Price Range (₹) Commentary

Support 4,250 – 4,270 Near recent DMA levels, offers a solid base

Resistance 4,450 – 4,525 Previous swing highs, short-term ceiling

Breakout Zone 4,600+ Would indicate medium-term trend strength

🎯 Entry & Exit Strategy

Entry Zone: ₹4,250–₹4,280 (pullback to support + RSI neutral + MACD positive)

Exit Zone: ₹4,450–₹4,525 (near-term resistance)

Stop Loss: Below ₹4,200 (break below this would negate bullish setup)

🧭 Conclusion

HEROMOTOCO is in a mild uptrend with bullish momentum cues. While not explosive yet, the technicals are turning favorable.

Traders can look for a buy-on-dip strategy with modest upside targets and tight risk management.

Sustained price action above ₹4,525 with rising volume would confirm a strong breakout, possibly toward ₹4,600+.

Would you like me to compare it with a peer stock from the same sector or map this against Nifty Auto's trajectory? Let’s chart a bigger picture together. 📈

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