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HEG

HEG cmp 2290.50 by Weekly Chart viewsHEG cmp 2290.50 by Weekly Chart views *HEG cmp 2290.50 by Weekly Chart views* - Volumes spike over the current week - Price Band 2525 to 2580 Resistance Zone - Price Band 1965 to 2000 is a Support Zone - Price took reversal from Support Zone to attempt scaling towards ATH - Weekly basis Support at 2000 > 1695 > 1335 with Resistance at 2450 > 2755 > 3100 - *Technical patterns Bullish Head & Shoulder engulfing a Bullish Cup & Handle pattern indicative of good upside target expectation*
NSE:HEGLong
by PIYUSHCHAVDA
HEG - Breakout Setup, Move is ON..NSE:HEG ✅ #HEG trading above Resistance of 2400 ✅ Next Resistance is at 3085 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HEGLong
by Sandeep_Aggarwal
HEG Ltd: Channel Breakout Signals Potential Upside to 2630HEG Ltd has garnered attention in recent trading sessions with its notable technical developments. The stock is showing signs of a potential breakout from its current trading channel, particularly if it manages to surpass the critical resistance level at 2050. Such a breakout could pave the way for a significant upward movement, with targets potentially reaching as high as 2630. Let's delve into the technical analysis to understand the potential trajectory of this breakout. Technical Analysis: Channel Breakout: HEG Ltd appears poised for a breakout from its prevailing trading channel, marked by a decisive move above the resistance level at 2050. This breakout suggests a shift in market sentiment towards bullishness, potentially indicating an influx of buying interest. Volume Confirmation: Confirmation of the breakout is crucial, and a surge in trading volume accompanying the move above 2050 would strengthen the bullish case. Elevated trading volume during a breakout typically signals strong investor participation, reinforcing the validity of the upward momentum. Moving Averages: Monitoring the moving averages, particularly the 50-day and 200-day moving averages, provides insights into the stock's trend direction. A bullish crossover, where the shorter-term average moves above the longer-term average, could further validate the bullish bias and support the continuation of the upward movement. Relative Strength Index (RSI): The RSI indicator can provide additional confirmation of the stock's momentum. If HEG Ltd enters into the overbought territory, it would suggest strong buying pressure and potentially indicate further upside potential. However, traders should also be mindful of potential pullbacks that may occur due to overextended conditions. Price Targets: Based on the breakout confirmation and technical analysis, HEG Ltd could aim for price targets around 2630 in the near to medium term. Traders and investors may consider this level as a potential area for profit-taking or reassessment of positions. Risk Factors: Market Volatility: While the technical setup appears promising, market volatility can always pose a risk to anticipated price movements. Traders should remain vigilant and implement risk management strategies to mitigate potential losses. External Factors: External factors such as macroeconomic indicators, industry-specific news, or regulatory changes can influence HEG Ltd's price trajectory. It's essential to stay informed about relevant developments that may impact the stock's performance. Conclusion: HEG Ltd's potential breakout above 2050 presents an intriguing opportunity for traders and investors. With technical indicators supporting further upside potential, the stock could target levels around 2630 in the near future. However, prudent risk management practices are essential to navigate potential market uncertainties effectively. As always, conducting thorough research and consulting with financial professionals is advisable before making any investment decisions. Keep a close eye on HEG Ltd's price action for confirmation of the anticipated breakout. Happy trading!
NSE:HEGLong
by CyborgTradingHub
HEG - Breakout Setup, Move is ON..NSE:HEG ✅ #HEG trading above Resistance of 1960 ✅ Next Resistance is at 2400 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:HEGLong
by Sandeep_Aggarwal
HEG: Huge Flag&Pole BO Rs. 300 TGTA Bullish Flag & Pole BO has been confirmed on the Weekly charts of NSE:HEG One can create a fresh position in NSE:HEG at 1670 or below with a stop loss of Rs. 1570 on weekly closing basis for a target of Rs. 1770/1870/1970 Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME and hit the small plane icon. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:HEGLong
by raigvivek
HEG Is Forming Multiple setupsWhen such thing happens where you see multiple patterns aligning even you check for the indicators you saw a uniformity, then the breakout become most probable. All traders seeing the charts every type of trader whether he be a reversal or a trend follower in different time frame ,there trades got aligned. In this case we should also check for the fundamental of the company and the past price behaviour in slimiler situation. I have a very bad experience with such clear cut charts. here we see, 1) channel pattern 2) consolidation pattern in daily time frame 3) triangle pattern in 1 hour time frame 4) head and shoulder in daily time frame my view is bullish and I am considering this setup to bet on.
NSE:HEGLong
by TRADEWITHFUN247
HSCL Cup and Handle formation about to break out.HSCL has been consolidating since the last 2 years in the range of Rs 40 to 63. It seems to have formed a Cup and Handle pattern which will break out above Rs 63. The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets . The technical indicators seem to have bottomed out on monthly time frame and have turned bullish on daily and weekly time frames. This is totally an EV (Electric Vehicles) play before the current budget is presented. This chart is only for information purposes and it is not an investment advice.
BSE:HSCLLong
by NayibSayilor