Buy HEIDELBERG above 122 T1: 131 T2: 140 T3: 150 T4: 168 SL: 108
Heidelberg in strong support zone, with Bullish Bat. Small SL:- Close below 122 Target 130/133/140
Heidelberg cement entered upward channel in early March and is respecting it since then. Today it bounced back from the channel bottom. I feel the short term target can be 133 on the safer side which is a small resistance. A close below 125 can be exit criteria.
Stock closes above 200 sma..rsi crossed above 60.....adx also gives buy signal..so bulls r dominating.... Buy above that massive ressistance 124 sl 116.5 here is no target...we will trail our stoploss i will update that
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...