HEG LIMITED NSE:​HEG

Great movement in HEG

But the channel seems intact and no further down move possible without breaking channel. It showed a low of 3985 against my expectation of 3985. I hope tomorrow it shows green shoots.

The channel formed since 17th May 2018 till date is still showing intact. This an hour chart in which minor spikes are captured in the chart. The middle line is the 1/8 line, a line considered the most bullish of the angles perceived. The stock is in down trend since 02.08.2018 and has almost arrived near the bottom line. I expect the stock should touch 3985 by ...

We had initiated buying in this stock in July 2017 when the price was around 400. We sold it at huge profits.

There is only one way to move from here. Up and ceiling is at 4478, for tomorrow of course.

There is a likelihood that it may see a low level of 3980-4000 and when the upmove takes place, we may see a level of 4975-above depending on its time of entry. But, lower channel having been touched on Friday, the counter may start to move up without any further consolidation also, which will be attributable to any fundamental bullishness emerged due to any new ...

waiting for break out

BUY, TREND REVERSAL

watch

Levels mentioned in charts ...

HEG: Will make a move on monday, up or down. Support 4000.

Short term HEG likely range : 4275-3974

With a support of 4096, near term target 4900+ can be seen. 1/1 support is at 3906.

1/1 angle support is at 3929 (prgressively increases each day) which will be the support line. Short term target is 4915

HEG channel is unbroken and the channel limit remains valid till the channel is broken. Presently moving near the bottom of the channel, 4172 being the low point of the channel and 4890 is the high end of the channel. The stock is expected to roam around this range, in absence of any bullish trigger. 1/1 angle support is at 3872, which is unlikely to be broken. If ...

Enter at 4125-4135. Target, I am not sure, but the chart is showing 4900(+).

Support at 3884 and Resistance at 6996

It is above 1/1 angle support and the support for the coming week is between 3815-3825, which coul be good entry point. The 1/2 angle resistance is far away at 6095.