STOCK : HEG CMP: 1662 EXPECTED TARGET 5000+ BUY/ACCUMULATE IN THE RANGE OF 1000- 1300 FOR HIGHER TARGETS. EXPECTING A DECENT BOUNCE FROM 1000-1300
POSITIONAL TRADE IN HEG BREAKING OUT OF RANGE MOMENTUM INDICATORS ARE PICKING UP BUY@2270 STOP@2200 TARGET@2450
Intermediate Support - 2050 - 2100 Hulk Support : 1550
HEG might try to touch 2900 before Feb 06 most likely before falling back rapidly. Use stop loss
Closing below 4224 would be weakness for the stock. S1 : 3772 S2 : 3406 S3: 3041 Stock would be strong when closes above 4812
HEG weekly chart study- Bulls party over! This doesn't mean that bears are going to party. Here is what we can deduce: 1) Parabola broken. So those who did not book profit can book completely. 2) No fresh buying. 3) No shorting until we see a close below 200 day SMA and channel breakdown.
20:33 Hrs 27th Sep 2018 Last Price@3475 HEG is an excellent stock which moved from lows at 20 in year 2000 to Highs - 4550 in 2018 - Outstanding move. Hence I have used log chart. log charts are usually used when the stock has moved by a large percentage over the considered period. Move from 20 to 4550 surely has to be checked on log scale. As a analyst,...