HEG - Technical Analysis

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

Technical Rating: 3.8

Here’s a detailed technical breakdown of HEG Ltd

📊 Trend Analysis

Current Price: ₹525 is above both the 50-DMA (₹508) and 200-DMA (₹467), indicating a short-term uptrend.

RSI (53.8): Slightly bullish, suggesting moderate momentum.

MACD (6.37): Strong positive crossover, reinforcing bullish sentiment.

Volume: Current volume (4.15L) is below the 1-week average (5.42L), indicating reduced participation despite price strength.

📈 Chart Patterns & Indicators

Moving Averages

Price above both DMAs → Bullish bias

50-DMA > 200-DMA → Golden cross confirmation

Bollinger Bands: Price likely near the upper band, suggesting momentum but risk of pullback.

Support Levels

Immediate support at ₹510–₹515 (recent swing lows)

Major support at ₹470–₹480 (200-DMA zone)

Resistance Levels

Immediate resistance at ₹540–₹550 (recent highs)

Major resistance at ₹580–₹600 (trendline + psychological level)

🚦 Momentum Signals

Short-Term Signal: Bullish

Trend Status: Trending upward, but momentum is moderating

Volume Trend: Slight decline in volume could limit upside unless renewed interest emerges

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 510–520 Near support, favorable setup

Breakout Buy Above 550 Confirmation of bullish continuation

Exit Zone 580–600 Resistance zone, profit booking

Stop Loss Below 500 Breach of key support

🧠 Final Take

HEG is currently trending upward, supported by strong MACD and a golden cross. However, weak volume and a sharp drop in quarterly profit (-324%) raise caution. If price sustains above ₹550 with volume, a rally toward ₹580+ is possible. Otherwise, expect sideways movement or mild pullback.

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