This stock with so much potential for short to long term trading.
A simple chart with various buy and sell zones. ( Supply and Demand Zone ).
Not much explanations in this post.
When such thing happens where you see multiple patterns aligning even you check for the indicators you saw a uniformity, then the breakout become most probable. All traders seeing the charts every type of trader whether he be a reversal or a trend follower in different time frame ,there trades got aligned.
In this case we should also check for the fundamental of...
If HEG closes above 1425 today, next week's resistance will be 1450. Clearing 1450 and sustaining the level will pave way for a breakout. We will see what happens by the March end.
stock moving in box pattern since april
also a symmetrical triangle on weekly time frame is formed.
entry - good accurate entry when retest 2570
stop loss - box last level
target - double of box height
HEG
Buy-Above 2560
Sl-2300
T-2920 3300 3500
Mid term
The stock has been trading in a range since last 7 month. Volumes are increasing at upper band of range.
Consider buying it above the range high.
Levels as mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
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Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
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Happy Trading
Jai Hind
