HEG - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – HEG Ltd. (Graphite Electrodes) IntraDay Trade Rating: 3.6

HEG presents a mixed-to-bullish intraday setup today. While fundamentals are weak due to a sharp quarterly loss and high P/E, technical indicators suggest short-term momentum could favor a bounce. Traders should tread carefully and rely on price action confirmation before entering.

🔍 Technical Snapshot

RSI (53.8) → Slightly bullish; above 50 indicates upward bias.

MACD (6.37) → Strong positive momentum; bullish crossover confirmed.

Volume (4.15L vs Avg 5.42L) → Slightly below average; watch for pickup.

Price above DMA50 (₹508) and DMA200 (₹467) → Technically strong zone.

Qtr Profit Var: -324% → Major earnings contraction; sentiment risk.

💸 Intraday Trade Setup

🔧 Trade Component Suggested Price Zone (₹)

Buy Zone ₹523 – ₹527

Profit Target ₹535 – ₹542

Stop-Loss Level Below ₹518

📍 Entry near ₹525 is viable if MACD remains strong and RSI trends toward 56+. Look for bullish candlestick patterns like piercing line or morning star near support.

⏱️ If Already Holding Today

Exit for Profit

Target: ₹535–₹542

Confirmation: RSI > 56, MACD > 7, and volume > 5.5L with strong green candles.

Exit for Loss Protection

Stop-loss: ₹518 or if RSI dips below 50 and MACD flattens.

Warning signs: bearish engulfing, long upper wicks, or volume fading below 3.5L.

🧭 Final Takeaway

HEG is a technically promising but fundamentally weak intraday candidate. Momentum indicators favor a short-term bounce, but traders should be nimble and watch for reversal signs. If you’re scouting for stronger setups with better earnings and volume alignment, I can surface a few tickers that are heating up. Just say the word and I’ll scan the radar. 🔍📈

You can also check out DailyBulls' HEG forecast for more short-term insights

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