Get started
HEG LTD

Wedge pattern

By Panchalk
Updated
HEG is on the upper part of the wedge like pattern...keep a watch if it breaks out...only downside is that it has 3 resistance points, but only 2 support points in the wedge, so it may fall back into the wedge and slide down... not ideal right now for taking positions...let's keep our options open. Targets are marked nevertheless
Note
As mentioned in my Aug 15 post HEG did fall back into the wedge before climbing up and breaking out...CMP 2533..moved up 11.8% today..now we can either wait and see if it pulls back ( ideal situation) and then moves up or keeps moving up...Keep watching..
Chart Patterns
Panchalk

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.