HEG Ltd — Weekly View

Technical Analysis Stock has formed a base after a long correction and is now breaking above the neckline region. Breakout above ₹530–550 zone signals trend reversal from sideways to bullish. Strong bullish candle with volume suggests institutional participation. Price now entering prior supply zone — some consolidation possible. Key Levels Support: ₹550 → ₹520 → ₹454 Resistance: ₹607 → ₹673 → ₹720 Fundamental Analysis One of the world’s largest manufacturers of graphite electrodes. Earnings are highly linked to global steel demand and electrode pricing cycles. Export-oriented business gives leverage to global recovery in steel & infra. Highly cyclical — strong during commodity upcycles. Summary View Clear base formation followed by breakout. Momentum has shifted bullish after prolonged sideways structure. Volatility expected due to cyclical nature.