wildwildmoney

Its raining Double bottom's - Heidelberg cement

Long
wildwildmoney Pro Updated   
NSE:HEIDELBERG   HEIDELBERGCEMENT I
After Nifty and Titan completing successful double bottom's as per my earlier post's , it seems to be Heidelberg Cement's turn to follow suit.

Perfect double bottom pattern formation although still not confirmed on closing basis. It made a high above the peak of 123.45 . RSI & MACD both showing postive divergence on daily charts make this stock to be put on radar tomorrow.

Target price : 139
Stop loss : 112
Comment:
Revise Stop Loss to 119
Comment:
Revise Stop loss to 115 (The earlier Stop placement of 119 may get hit because of whipsaw). In case it closes below 115 we may see a fall till 101 which would be a very good level to buy.
Comment:
Stop triggered @ 115. However, today's deliverable quantity stands at 25,62,614 (93.8%) compared to total traded quantity of 27,32,148. There was a spurt in volume by more than 7.9 times. Trader's with high risk profile can stock up till levels of 101 which is a crucial support level.
Comment:
Closes @ 120.
Trade closed: target reached:
Target achieved.

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