HEG trade ideas
HEG MAY FALL TO 1111 LEVELS WITHIN 1-2 DAYSHEG MAY FALL TO 1111 LEVELS WITHIN 1-2 DAYS...
ENTRY LEVELS 1140-1153...
KEEP A STRICT STOP-LOSS OF 1157 ON HOURLY CANDLE CLOSING BASIS....
HEG fueling for a fly again get readyAs we can see price is in consolidation and I think price will drop once again before flying high. I will start accumulating on every dip good luck everyone. It's only for education purpose and not to be taken as trading advice.
HEG looking weak One of the most loved stock now looking very weak as if it's heading to 3 digit soon still am looking to long for immediate target as long term outlook is still bad for the whole Graphite sector.
HEG in wedge might break HigherLooking at the chart we can see HEG is in wedge and will break soon so get ready for some good news which will make this breakout.
HEG Falling KnifeHEG is very weak short below 2200 for 2100 2000 1900 + target SL 2300 it might reverse from 2200 level keep eye
May consolidate in short term.Support 3544 and if it does not hold, then 3192, while short term target is 4587
HEG bullish move may startBroad channel held, down move channel end completed and up move started. Now in this up move it has to close above 4600 on closing basis for regaining its movement above 1/8 angle.
HEG - VCP Bullish pattern observedCMP 4240
Stop 4025
Long suggested above 4320
Target Open
Logic
Daily chart
Volatility Contraction Pattern along with volume contraction seen.
HEG on Wyckoff Reaccumulation -A bet better not missedThe present price action is supported by 50dma , the long term trendline and the 0.618xa of the bullish bat in formation
SO with such supports, an entry on the long here makes sense..
But there seems to be a bear flag and the price action might temporarily breakdown to the PRZ limit of the BAT and spring from the LPS LAst point OF support ..Another/alternative long entry can be planned there
There could be multiple Support taking from the lower support end of the Trading range, which can be further entries in the future
But the biggest and best Risk Reward entry point is the Breakout Show of strength area...
The target has been calculated on a conservative basis, on a point figure chart mentioned here,....https://www.tradingview.com/x/bp2a83pL/
Disclaimer... Not an investing trading recommendation
The channel held till dateBut with the bumper quarterly result the channel will not be able to contain it. Time has come to revise the target price to 6000 in medium term.
HEG - Rising Wedge Pattern - BearishJust an education assumption drawn based on my pattern understanding. Should probably hit around 3900 levels before taking a dip.
HEG is very bullishFor two consecutive days HEG (8X chart) stayed above 1/1 ascending line formed over a period of 400 days. My target for HEG is 8000 by December 2018, if fundamentals meet the expectations. Watch out that level 3425 is not broken in short term.
