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Published on 25/06/2019 3:46:25 PM | Source: Choice Broking Pvt Ltd

Buy HEG Ltd For The Target Rs.1535 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #HEG Ltd. #Trading Report #Choice Broking

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* On an hourly scale, the stock has started to trade above its 50 Hourly Exponential Moving Average which shows a positive move in the counter.

* Moreover, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.

* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.

* A daily momentum indicator RSI reading is at 38.90 level with a positive crossover which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.

Recommendation

Buy HEG Ltd @ 1422-1412 Target 1535 Stoploss 1364

 

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