Shravster

Heidelberg Cement Trading Idea || RR Ratio 1:7

Long
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.

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