Shravster

Heidelberg Cement Trading Idea || RR Ratio 1:7

Long
Shravster Updated   
NSE:HEIDELBERG   HEIDELBERGCEMENT I
A cup and handle pattern has broken past the resistance trend-line. There have been multiple attempts in the past few months to break the trendline. Finally the resistance has been broken with good volume . Moreover, over the last month, all cement stocks have been seen making HTHB. Heidelberg should also be headed in that direction.

Buy : above 206
T1 : 230
T2 : 270
SL : 196

P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.

Thanks!
Comment: SL : 196 triggered on 04 Dec.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.