HEG Advanced Materials Limited

Stage 4 · Declining · week 3

As of 16 Oct 2026, HEG Advanced Materials is in Stage 4 — declining, a downtrend, in week 3 (since 25 Sep 2026). It closed at ₹225, 69.6% below its 52-week high and below its 200-day average, which is falling. In Industrials, 25.5% of stocks are in Stage 2.

HEG Limited manufactures and sells graphite electrodes in India and internationally. More about the company

₹224.7
-0.97% today
₹7,411 Cr · Mid cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dElectrical Components & Equipments 32.6%-2.3 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

Is HEGAM early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-69.6%
₹215.1 lo₹739.3 hi
69.6% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 3
1w13w26w
Week 3 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-58.3%
200 DMA: ₹538.7 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.20x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -17.9% vs MA50 -25.5%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+4.5%
3M
-61.7%
6M
-64.2%
YTD
-57.6%
1Y
-56.4%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
Sector has 125 Stage 2 leaders. See Industrials Stage 2 →
Industry
Electrical Components & Equipments
↓ Peaking
Stage 2%
32.6%
20d Δ
-2.3pp
1M return
-1.3%
3M return
+4.2%
Industry Stage-2 % · last 20 days
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 15w
S2 18w
S2 16w
S2 19w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 15w → S3 7w → S2 10w → S3 4w → S2 13w → S3 12w → S2 18w → S3 2w → S4 7w → S1 4w → S2 16w → S3 8w → S2 19w → S3 5w → S2 10w → S3 5w → S2 6w → S3 1w → S4 3w current
Total tracked: 168 weeks across 19 stage runs.
Scan Membership
Prop Scan
Latest: 2026-09-04
Breakout Watch
Latest: 2026-08-05
Pullback Hunter
Latest: 2026-05-26
55 appearances in last 60 days. First seen: 2024-04-08.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 3 · Vol 0.20x
2026-10-15S4
Wk 3 · Vol 0.32x
2026-10-14S4
Wk 3 · Vol 0.24x
2026-10-13S4
Wk 3 · Vol 0.43x
2026-10-12S4
Wk 3 · Vol 0.42x
2026-10-09S4
Wk 2 · Vol 0.76x
2026-10-08S4
Wk 2 · Vol 0.54x
2026-10-07S4
Wk 2 · Vol 0.70x
2026-10-06S4
Wk 2 · Vol 2.57x
2026-10-05S4
Wk 2 · Vol 0.66x
2026-10-01S4
Wk 1 · Vol 0.35x
2026-09-30S4
Wk 1 · Vol 0.60x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹444.9
200 DMA
₹538.7
52W High
₹739.3
52W Low
₹215.1
5D Low
₹224.7
Resistance levels (recent highs)
20d High
₹252.2
60d High
₹739.3
120d High
₹739.3
250d High
₹739.3
Next resistance
+12.2%
to 20d High
Ask the Market AI about HEGAMAsk →
P/E (TTM)
29.3
Forward 18.5
ROE
+7.3%
Profit margin +12.6%
Dividend Yield
0.31%
P/B 2.3
About this companyIndustrials· Electrical Components & Equipments

HEG Limited manufactures and sells graphite electrodes in India and internationally. The company operates through two segments, Graphite Electrodes and Power Generation segments. It provides ultra-high power and high power electrodes; graphite electrodes and nipples; blocks and rounds; graphite and carbon specialties; mini-rods; flux and heat exchanger tubes; custom machined components; and activated carbon fabric products. The company operates thermal power plants and a hydroelectric power facility. HEG Limited was incorporated in 1972 and is headquartered in Noida, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.