The stock of HEG has been in an uptrend since April 2023.

The stock of HEG has been in an uptrend since April 2023. While there have been intermittent corrections in price, the broader direction remained up. Last month, it broke out a resistance at ₹680 and hit a multi-year high of ₹753.90 on September 1. That said, in the recent sessions, the stock has been trading flat. However, it has now formed a higher base at ₹700.

Video Credit: Businessline

Below this is another support at ₹675. We anticipate a recovery on the back of the ₹675-700 support band. Once the rally begins, the stock can rise to ₹850. Traders can buy now at ₹729 and accumulate at ₹700. Place stop-loss at ₹650. When…