HEG Ltd| Flag and Pole Pattern| Latest stock market news
(3 minutes read)

Stock name: HEG Ltd

Pattern: Flag and Pole Pattern

Time frame: Daily

Observation:

Stock has seen a sharp spike from 31^st May, 2023 till 20^th June, 2023. And since 20^th June, it has been in tight consolidation zone. According to technical analysis, if the breaks out of the tight consolidation and sustains it then it may show trend continuation on the upside.

You may add this to your watchlist to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Bikaji Foods hits 52-week high on Bhujialalji acquisition.

2) Sportking India shares jump 7% on bulk deals. Anil Kumar Goel, an individual investor, has bought 1,31,558 shares, accounting for a 1.04 percent stake in Sportking India Ltd, at an average price of Rs 842 per share. By the way, as name suggests, this company is not engaged in to the business of sports or sports related businesses. This company is a textile company producing yarns and garments.

3) Amara Raja shares rebound after marquee funds pick up 7% stake.