HEG READY TO SHOOT!!!
Wave 1 and 2 complete Wave 2 has retraced Wave 1 by more than 80% and less than 100%
which suffices the Wave 2 retracement rule by Elliott Wave Theory.
Wave 3 extends a minimum of 161.80% 0f the Wave 1 hence Target derived for the Wave 3.
This is the Wave i.e. Wave 3 which every trades aspires to get in as this is the Wave where the profits are maximum.
This is a beautiful investment opportunity with an amazing Reward to Risk ratio.
HEG trade ideas
HEG: Trying to breaking out after consolidationHEG: Trying to breaking out after a good consolidation
In this kind of falling market, HEG is showing some resilience and after good consolidation, today trying to breaking out with good volume.
Buy above 1840 only for a target of 2200 and 2400 with a SL of 1675.
In this market, testing water with HEG. Keep strict SL .
NSE:HEG - Taking trading bet with small stop loss...NSE:HEG
- The focus is on risk management taken in position for pop as part of the PWI Lab portfolio.
- Let's check the company's history to understand what they do.
- Proxy to steel was positive in the past.
- Crude oil can be a spoiler in the current situation.
- Price action is considered as the ultimate authority.
Reversal and breakout possible. Keep on watchlistWaiting for a breakout above for a small trade upside. Breakout of the channel pattern. Enter only after a good closing above 1615.Target of 1830. Stop loss 1564-1560. If the broader market consolidates or falls in next week, stay away and just observe.
Disclaimer: Do your own due diligence. Happy learning.
Fibonocci Retracement BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
HEG Ltd - Demand at 650 and Supply at 2500Context - Dropped 90% to 411 in 2020 after 40x Up to 4400 in 2018
High Vol up from Aug to May'21 met supply at 2500
Demand appeared at 1000 in Jun'22, holding there
Given above, could plan -
to Purchase Breakout above 1850
or, rejection indications near 650
PB 1x
PE 9x
ROCE 14%
Div 3%
HIG Ltd Investment IdeaHIG Ltd is a listed company, and the price has been in correction mode for the last two years. The share has shone the recovery from June 2022. The current price is 1285. Share can be purchased around 1260 to 1320 INR. With stop loss at 1200 INR, first target at 1383 INR, and the potential to cross 2,000 INR within one year.
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