AbhishekHSinghCMT

HEG - Clean Bowled At the Top 4550 (Current Price - 1040)

Short
NSE:HEG   HEG LTD
What a fall as suggested to be careful close to the tops of 4550 -just surpassed & made new high to only trap the bulls - post the idea was published in Sep 2018 as mentioned below. click the chart / idea to refer last one.


What Next ?

Going below 830 Lows -
It starts next downward cycle for target 350-400 & below 350 for 140-150 below 90 -It will be "neat & clean" for lows close to year 2000.
Trade active: 08:56 Hrs / 26th March 2020

Last Price @ 443

Good Morning All !

Target 1 done at 409 - close to 400 before Nifty Index bounced from 7511 lows - Hope picked buy positions for 600 points from exact close to 7700 as suggested through status update of TradingView Profile Page. Index close yesterday at 8317 levels.

Next "HEG" Downside starts only below 350 - Kindly refer details above.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
https://t.me/wavetalks

Comments

Kindly post the current view as I see a major trendline breakout. Thanks.
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Thank you so much positionally holding buy and booking intraday profits of Nifty
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which level good for long term buy? or ignore it totally?
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I considered this stock as amazing just looking at the upside rally which started in Dec 2016 from 140-150 zone & traveled close to 5000 (5K) in Oct 2018 - Wow !!!
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Equity-Earningz AbhishekHSinghCMT
@AbhishekHSinghCMT, Classic examples of what happens when people makes stock's as their favorite stocks. Heg & Graphite. I remember in 2018-19, only thing i heard was china graphite demands and blah blah blah. Rain Industries was also a fav one.
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AbhishekHSinghCMT Equity-Earningz
@Equity-Earningz, True. I was asked by followers at other social media to do review on this stock or rain industries, I chose this one & found to be dangerously placed at the tops @ 4550 - so warned the community in Sep 2018. Happy after a year to see the vertical fall in south direction. Thanks
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Equity-Earningz AbhishekHSinghCMT
@AbhishekHSinghCMT, Blessed are those who listened to you and dumped it.

Otherwise, investors always find excuses to hold wealth destroying stocks.

Still, most of the retail investors going to forget this and will invest in people's favorites. This is like a cycle, repeating generation after generation. A new investor will come finds something favorite and will fall for that.
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AbhishekHSinghCMT Equity-Earningz
@Equity-Earningz, Correct. Last line - "A new investor finds something fav..."
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