Tech query: Is Hero MotoCorp a long-term buy? | Updated on × Sankari Murugan Hero MotoCorp (₹2,912.9): The stock of Hero MotoCorp bottomed out from the low of ₹1,475 in March 2020. Since then, it had been in an intermediate-term uptrend. However, it encountered a key resistance at around ₹3,600 in mid-February this year and was in a short-term downtrend. In late March, the stock decisively breached a key support at ₹3,000 and its 200-day moving average. It continues to trend below this base level, which has now turned into a key short-term resistance level. Also, the stock trades well below the 50- and 200-day moving averages. There has been decrease in volume over the past five weeks.