🧠 What’s happening in HEG?

1. Massive Cup Formation (Multi-year) From 2018 peak → long correction → slow recovery till now This is a classic “Cup” pattern Price has almost reached the resistance zone (~575–600) 👉 This is not random — this is institutional structure 2. Critical Resistance Zone Zone: ₹570 – ₹600 Price is currently: Testing resistance Holding above 200 DMA (good sign) Showing higher highs & higher lows 👉 This is a make-or-break level 🚀 What happens next? ✅ Bullish Scenario (High Probability if breakout sustains) If price: Breaks ₹600 with strong volume Holds above it (no fake breakout) 👉 Then: Targets: ₹700 (short-term) ₹750–800 (pattern projection) ₹900+ (if momentum continues) 💡 Your arrow towards 750 is actually very logical. ❌ Bearish Scenario (Trap possibility) If price: Fails to break 600 Gives rejection (long wicks / bearish candles) 👉 Then: Pullback to ₹500–520 Worst case: retest ₹450 zone 📊 Smart Trading Plan (Simple & Practical) 🔹 For Breakout Traders Entry: Above ₹600 (closing basis) SL: ₹540 Strategy: Ride momentum 🔹 For Smart Money / Safer Entry Wait for: Breakout → Pullback → Retest of ₹580–600 Then enter 👉 This gives low risk, high reward 🔹 For Investors Accumulate only after confirmation above ₹600 This could become a multi-year breakout stock