HEG - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of HEG Ltd

📈 Trend Analysis

Current Price (₹519) is above both 50-DMA (₹505) and 200-DMA (₹478) — indicating a bullish setup.

52-week Index at 64.4% shows the stock is trading in the upper-middle range of its yearly band (₹331–₹622), suggesting momentum continuation.

Trend Status: Trending upward, with signs of strength and recovery.

🔍 Momentum Indicators

RSI (58.5): In the bullish-neutral zone, showing moderate strength with room for further upside.

MACD (3.02): Positive — confirms bullish crossover, though not aggressively steep.

Volume: At 11.81L, above 1-week average (9.84L) — indicates active accumulation, supporting the uptrend.

📊 Chart Patterns & Moving Averages

Price is above key moving averages, reinforcing bullish sentiment.

Support Levels

₹505 (50-DMA)

₹478 (200-DMA)

₹450 (recent swing low)

Resistance Levels

₹540–₹560 (minor resistance zone)

₹600–₹622 (major resistance and 52-week high)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 500–510 Near support zone and 50-DMA

Exit (Short-Term) 560–600 Resistance zone, potential reversal

Stop Loss 478 Below 200-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Moderate, with upside potential

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹500–₹510 with target ₹560–₹600. Watch for RSI climbing above 65 and MACD slope steepening for confirmation.

Would you like to compare this setup with other graphite or industrial material stocks for broader positioning?

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