Context - Dropped 90% to 411 in 2020 after 40x Up to 4400 in 2018
High Vol up from Aug to May'21 met supply at 2500
Demand appeared at 1000 in Jun'22, holding there
Given above, could plan -
to Purchase Breakout above 1850
or, rejection indications near 650
PB 1x
PE 9x
ROCE 14%
Div 3%
High Vol up from Aug to May'21 met supply at 2500
Demand appeared at 1000 in Jun'22, holding there
Given above, could plan -
to Purchase Breakout above 1850
or, rejection indications near 650
PB 1x
PE 9x
ROCE 14%
Div 3%
Trade active:
HEG Ltd
Updated analysis - Remains with the 930-1330 area that held in Jul'22-Aug-22
Oct'22 was Doji Candle and Nov'22 is already below low of prior month
Given the progress, could revise the plan as follows
to Purchase Breakout above 1400
or, rejection indications near 650
Updated analysis - Remains with the 930-1330 area that held in Jul'22-Aug-22
Oct'22 was Doji Candle and Nov'22 is already below low of prior month
Given the progress, could revise the plan as follows
to Purchase Breakout above 1400
or, rejection indications near 650