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...
HEG HAS ALSO MONTHLY BO ON TRENDLINE. ONCE IT START TRADING ABOVE 1150 CAN BE A GOOD INVESTMENT IDEA. ITS HAS A GOOD DIVIDEND RECORD.IT HAD A DREAM RUN IN PREVIOUS RALLY. PLEASE WATCH AND INVEST AFTER DOING YOUR OWN ANALYSIS. ALL INVESTMENTS ARE SUBJECT TO RISK.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
IF HEG IS FORMING CUP & HANDLE, THEN 1402 WILL BE THE NECK LINE.
THE SCRIP WILL ENTER INTO THE BULLISH ZONE AND THE TARGET FOR IT WOULD BE 1550.
ENTER WITH A PROPER STOP LOSS AT LEAST FOR 1400 TARGET.
BY THE WAY, IS THERE ANY POSITIVE NEWS COMING UP?
HEG IS OBSERVED TO HAVE FORMED A ROUNDING BOTTOM.
IF THE RESISTANCE AT 1235 IS CROSSED, THEN THE NEXT MAJOR RESISTANCE IS AT 1400 & 1550.
LET THE RESISTANCE BE CROSSED, AS THE SHARE PRICE HAD APPRECIATED BY NEARLY 20% IN SHORT TIME.
There is an immediate resistance at 1048 which is a very strong resistance line. One hopes that in the current bullish sentiment prevailing witth the stock it is able to close above 1050 and remains bullish for a couple of days.
lines drawn above cmp are the targets/resistances
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
There is are major spin top candle at double or tripple bottom with bullish divergence.
I am not SEBI registered. this is just for educational purpose. trade your own risk.
HEG APPEARS TO HAVE TAKEN SUPPORT AT 1555.
FIBONACCI RETRACEMENT IS 71% OF THE PREVIOUS GREAT RISE.
WITH THIS AS STOP LOSS, LONG CAN BE ENTERED FOR ABOVE TARGETS.
ICHIMOKU DAY CHART HAS GIVEN BUY SIGNAL. TO BE POSITIVE ENTER ABOVE 1780 LEVEL.
I am not going to believe this bounce if it does not go above 2000 and stays there for a week time or so!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members...
Yesterday with its sterling up move the stock has crossed the hardest of the resistance, 1/1 angle on closing basis. If it can hold above 1743 for a couple of days and remains bullish , the intermediate term target will be 2500
HEG Limited is engaged in manufacturing of graphite electrodes, which are used by manufacturers of steel. The Company's segments include Graphite, Power and Unallocable items/others. The Company operates single site plant of Graphite Electrodes with a production capacity of approximately 80,000 metric tons (MT) per annum. The Company offers High Power and Ultra High power electrodes. Its graphite division has facilities for production of Graphite Electrodes and Graphite Specialties, and the plant is located at Mandideep near Bhopal (Madhya Pradesh). The Company also operates approximately three power generation facilities with a total rated capacity of over 77 megawatt (MW). Its power plants are located in Tawanagar, District Hoshangabad, Madhya Pradesh, and it also operates approximately 12.8-MW waste heat recovery power plant in District Durg, Chhattisgarh. The Company also offers carbon specialties, such as Activated Carbon Fabric (ACF), Carbon Blocks and Graphite Specialities.
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HEG
