HEG Limited
Over the last 2-4 years the stock has faced a lot of resistance around the 255-260 mark. Major channel breakout/cup and handle etc.
Today the stock has crossed the similar breakout levels with volumes.
Momentum breakout seen and one can expect a short term target of 300 and a little longer term target of 350-400 also.
Stoploss at 245.
Fundamentally also looks pretty decent on a quick look at the nos.
Disclosure – Recommended a long trade at 260-264 to clienjts.
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