HEG trade ideas
One Right Trade's Swing Trade Idea #140 : Long trade on HEG This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it iff you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
#10 HEG- Long for Target of 1200NSE:HEG
Reasons being:
1. Expected Upper Breakout Near short-term resistance in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume in the last trading session
4. Expecting it to form Higher High Pattern in Daily Chart as it has closed above 952 from where price has seen a reversal
Long for a short-term target of 1200 in 3 - 4 days with a stop loss of 897 in daily closing basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
HEG - Clean Bowled At the Top 4550 (Current Price - 1040)What a fall as suggested to be careful close to the tops of 4550 -just surpassed & made new high to only trap the bulls - post the idea was published in Sep 2018 as mentioned below. click the chart / idea to refer last one.
What Next ?
Going below 830 Lows -
It starts next downward cycle for target 350-400 & below 350 for 140-150 below 90 -It will be "neat & clean" for lows close to year 2000.
