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.