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How to hunt next HEG ?

One of the favourite stock of d-street in 2017 and 2018 was HEG. this stock zoomed 1127% in 2017 . the company is a graphite electrode manufacturer . no matter , which news plays out , price factors out everything. Hence the saying reasons can wait , price wont .

If one analyses , the price history of HEG from 2009 to 2019 . for about 8 years , the stock from 2009 to early 2017 , the stock price was in the range of rs 420 to rs. 110. The stock started its upward movement from mid 2017 and reached its zenith in the month of October 2018 to rs. 4955 . the bulls had a fantastic ride , only to dump latter ( probably ) .
As of may 31 , the stock closed at 1730.

The take , is how to ride this type of stocks , what are the risks , what would be suitable entry and exit levels , how to find these stocks . with the benefit of hindsight and other stock analysis ; these are some inferences -

How to find these stocks

First characteristic is that , these stock remain in a range for a long time and the range is narrow , with no such spike either in  north or south .
Second is , whenever they hit the upper range , they retreat and similarly for the lower range .
Once , these stock breach the level after a long period with certain momentum . these stocks most of the times rises to very high levels.

Entry point
20% above the upper range value .
In case of HEG , this would be around ( 530 - 550 ) i.e. buy in Aug, 2017

Exit point
Low of previous month candle .
In case of HEG , low of July month , 2017
After that , exit positions are adjusted based on MA particularly ma 100 or ma  200

Challenges
First ,To find these chart patterns , among 2000 ( approx. ) stocks listed in NSE is a tedious task . second to keep track of all the stocks which are in narrow range for a long time period.  third to see which stocks in above criteria , break the upper range with good momentum .

This is how , next HEG can be found ( perhaps )

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