Possible Support and 200 EMA ReversalThe stock recently took resistance from it's 5 years old Resistance zone and now after retracement it's bouncing from lower trendline and 200 EMA.
One can take entry above 462.75 for First Target of 510/525
Once 525 is broken and sustained this stock can give a good upmove of 30-40%.
Put a strict SL of day close below 405.
Learn & Earn,
Dr. Tanya Kumar
HEG trade ideas
HEG 70% Upside Potential from Breakout Zone:- Keep In Rad
HEG is witnessing a strong breakout above the crucial resistance zone around 2400, backed by solid volumes. The stock is currently trading in an ascending triangle pattern, with a potential upside of over 70% from the current levels. A successful close above 2450 could propel the stock towards 4400 in the coming months. RSI is trending upwards, indicating sustained buying momentum.
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*
Ready For A Strong Upside Rally HEG is forming a classic ascending triangle pattern which is generally a bullish continuation signal. The price is approaching the resistance zone near 2800. A breakout above this level could lead to significant upside momentum. The ascending trendline from the lows in 2020 provides strong support, and the stock has been respecting this trendline for the past few years.
HEG Long PositionalDate : 15-09-2024
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Reversal & Breakout (PICK RESEARCH TO OBSERVE)
HEG Looks Good Above 2170
SL 1960
Target 2319, 2469, 2768++
Hold Period : Few Weeks to Months
Reason for Pick : Breakout, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
HEG Ltd! setting up for next BULL MOVE after the retracement!HEG Ltd. engages in the manufacture and export of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments.
Investment type: swing.
Market Cap - 80B INR.
Invest at own risk For educational purpose only!
A good buy at CMP HEG CMP 2264
Fib : the dip to 38.2% is telling me there is tremendous strength in the uptrend.
Channel : break of the channel and retest is an opportunity to buy.
RSI : on the weekly time frame RSI is reversing from 50 is again an indication of tremendous strength.
Its a very good buy at CMP of 2264 with T1 3100 and T2 3600
Note- Go back in history and draw ur trendlines if they are hitting the pivot points in the current mkt, u know ur drawing ur trendlines correctly.
HEG - Swing Trade - 20th May #stocksHEG (1D TF) - Swing Trade Analysis given on 20th May, 2024
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress
(Might come back to the Trendline for a Retest so be careful and do not enter in FOMO)
* Disclaimer
#HEG Very strong BOHEG is showing very good round bottom recovery from the low of about 930 and now 2687 almost 3 times. Now again showing a very good breakout from 2525 levels and forming a bullish pattern of Inverted Head and Shoulder. The Company is thinking of demerger which will again unlock the value. Long for 4100+ add more if comes to around 2500.
Heg is readyThere is a one more stock Which is showing a great opportunity, stock is near resistance this stock is doing well when market is doing a correction and all stock are drooping this stock is rising. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Watchout forweekly resistance breakoutThe stock is coming to test it's weekly resistance zone.
A weekly closing above 2630 can bring more bullish momentum.
Possible targets would be 2980 and 3480.
This is not a BUY/SELL recommendation.
This idea is for EDUCATIONAL purpose only.
Learn & Earn,
Dr. Tanya Kumar
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.
HEG - A study of last 6 yearsNSE:HEG
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.
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!
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.
Amazing breakout on Weekly / Daily Timeframe - HEGCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
NOTE: Sorry for being offline these many days. I had a family member passed away!
