HEIDELBERG CEMENT - CUP AND HANDLE PATTERN The stock has formed CUP AND HANDLE pattern
on the WEEKLY chart.
Wait for strong breakout with good volumes
One can enter above 248 with a strict Stoploss of 212
Target 1 - 284
Target 2 - 310
Target 3 - 340
#SWINGTRADE
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Heidelbergcement
HEIDELBERG CEMENT POTENTIAL BREAKOUT IN CHANNEL PATTERNthis stock looks bullish based on the channel pattern. it is in channel pattern in both weekly, daily, and hourly frames. you can enter after breakout with volume and keep a strict stop loss as per your appetite. this is educational and not investment advice. I am just practicing and not SEBI registered. and not responsible for your gains or losses and cant be held liable.
Heidelberg Cement NSE CashScript - Heidelberg Cement
CMP - 238.70
Resistance - 244 (breakout level)
Daily Charts
Current pattern (if any) - A clear uptrend seen in line charts
Candlestick Trend / Pattern - NA
DMA - Bull
MACD - Bull
RSI - Bull
Divergence - NA
Hourly Charts
Current pattern (if any) - Clear Ascending Triangle / Bull
Candlestick Trend / Pattern - NA
DMA - Bull / Neutral
MACD - Bull / Neutral
RSI - Bull / Neutral
Divergence - NA
Intraday Charts
Current pattern (if any) - NA
Candlestick Trend / Pattern - NA
DMA - Neutral / Bearish
MACD - Neutral
RSI - Neutral
Divergence - NA
Final View - Trading quite close to the breakout level. We will buy small qty now and add more if there is a dip.
One Right Trade's Swing Trade Idea #159 : Long on HEIDELBERGThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.