Strong momentum is shown on chart of HEG

HEG is currently trading at its 52 weeks high, indicating strong momentum in its price trend.On a weekly timeframe, the stock has shown considerable growth in its structural development from December 2016 to October 2018, followed by a period of retracement. Currently, it is displaying robust momentum as it tests the breakout of a large triangular pattern that has been forming over approximately five years. This breakout is of significant importance and suggests the potential for the stock to perform exceptionally well.It is anticipated that prices will continue to rise, potentially reaching the level of Rs 2,597. However, if prices persist below the Rs 1,910 mark, the bullish outlook will be invalidated.