HEG | TECHNO-FUNDA ANALYSIS

HEG Ltd – 1D

Trend: Sideways with mild bullish bias. The stock is forming a base near the neckline zone, showing consolidation between ₹500–₹550. A breakout above ₹550 could trigger a fresh upward move, while sustaining below ₹500 may invite weakness. Ke Levels - Major Support: ₹454.25 Neckline Support: ₹500.00 Immediate Resistance: ₹532.00 Supply Zone 1: ₹550.30 Major Supply Level: ₹618.75 Fundamentals (Key Points): ⚙️ HEG is India’s leading graphite electrode manufacturer with global export exposure. 💰 Strong cash reserves and zero-debt balance sheet offer financial stability. 📈 Demand recovery expected in steel sector supports medium-term growth. 🔄 Profitability impacted recently due to global electrode price fluctuations. 🌍 Long-term outlook remains positive given EV and green energy graphite needs. Final Verdict: Neutral to Bullish — Consolidating near neckline; breakout above ₹550 could open room toward ₹618.75, while ₹500 remains key support for trend confirmation.