Its raining Double bottom's - Heidelberg cement

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.