.: Technical view by Nooresh on Sensex/Stocks/Commodities

Wednesday, 4 June 2014

Posted: 03 Jun 2014 09:40 PM PDT

HEG Limited

Over the last 2-4 years the stock has faced a lot of resistance around the 255-260 mark. Major channel breakout/cup and handle etc.

Today the stock has crossed the similar breakout levels with volumes.

Momentum breakout seen and one can expect a short term target of 300 and a little longer term target of 350-400 also.

Stoploss at 245.

Fundamentally also looks pretty decent on a quick look at the nos.

Disclosure – Recommended a long trade at 260-264 to clienjts.

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Also for long term investors – Last few entries left for Analyse India Big Value 2.0. Last date extended till June 10th – –http://www.nooreshtech.co.in/2014/05/last-20-entries-for-big-value-2-0-and-big-value-1-recommendation-list.html

Thanks and Regards,

Nooresh Merani

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