Consolidating in the lower side of the channel

18 thg 8, 2018

HEG channel is unbroken and the channel limit remains valid till the channel is broken. Presently moving near the bottom of the channel, 4172 being the low point of the channel and 4890 is the high end of the channel. The stock is expected to roam around this range, in absence of any bullish trigger. 1/1 angle support is at 3872, which is unlikely to be broken. If channel is broken out, the next broad target goes to 6168.