Consolidation Breakout In HEG Ltd.

The stock has made bottom on 16th October and given 3 days big rally i.e. we can consider short term trend change. After that stock was trading in 24 days consolidation zone and today it has given breakout to the same. The stock is trading below 200 DMA but it is looking good for the short term.
We can buy HEG from current levels for targets of 1200/1250/1300 with the stop-loss of 1055. You can add more quantity to dip around 1120.

All calls are study purpose only, add your own analysis before take any position.

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Feb 02
Trade closed: stop reached


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