NSE:HEG Levels already mentioned.. Can consider for positional if breaks and sustains..
Note:
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After a rally HEG chart has formed Flag & pole pattern on daily chart. HEG looks bullish on chart one can buy if price closes above the upper trend line.
Thanks, Have a great trade. NSE:HEG
One can wait for the last kiss to happen. Once the level is retested, can show decent upmove. Levels are marked in the chart.
Also, the wave has taken strong support at 38% and 50% Fib.
(Educational Purpose Only. Trade at your own risk)
Twice since 25th Nov. HEG is trying to cross the resistance line but remained unsuccessful in doing so. We have to see if it can sustain above 864 on Monday. May be, the third time we will be lucky!
Basket of HEG, Graphite, Rain, Philipps Carbon, Carbondum, Goa Carbon is about to cross the resistance with Volume, RSI divergence as well. Crossed 50, 100, 200 DMA as well.
HEG Ltd. engages in the manufacture and export of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments. The Graphite Electrodes segment provides facilities for production of Graphite electrodes and Graphite specialties. The Power Generation segment comprises of generation of power for captive consumption and sale. The company was founded on October 27, 1972 and is headquartered in Noida, India.
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