SWING IDEA - HEG
Reasons are listed below :
- 1950-2000 Strong Support Zone: This zone has proven to be a reliable support, making it a crucial level for price stability.
- Bullish Engulfing Candle on Weekly Timeframe: A clear sign of buying strength, indicating potential for a bullish move.
- Cup and Handle Pattern Breakout and Retest: A textbook breakout followed by a successful retest, signaling potential upward momentum.
- 50 EMA Support on Weekly Timeframe: The stock is supported by the 50-week EMA, adding to the bullish bias.
Target - 2400 // 2740
Stoploss - weekly close below 1900
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