WHAT ABOUT HEG

MOVEMENT OF HEG SINCE 2000 TO NOW

December 2000: 30
December 2001: 30
December 2002: 25
December 2003: 120
December 2004: 100
December 2005: 170
December 2006: 190
December 2007:600

December 2008: 100
December 2009: 330
December 2010: 300
December 2011: 150
December 2012: 250
December 2013: 200
December 2014: 240
December 2015: 180
December 2016: 150

December 2017: 2200
December 2018: 3700
December 2019:

By checking above movement anyone can see how Cyclicals stock moves.
First cycle was from 2000 to 2007 where top made @600
Then after it takes 10 years to cross its old top 600 made in 2007 and made high 4400 in 2018.

CONSIDERING this it could surpass its 2018 high in 2027, till now it will trade in range and can make bottom around 600 which is its 2007 high.

So if you have bought HEG at higher level then you have to wait at least 10 years to cross its high 4400 and it can come down from cmp also.

Author: Atul Singh Stock Market Analyst

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