HEIDELBERG CEMENT has recently seen a resistance breakout along with divergence in RSI. Volumes on breakout are considerable. Current Price 192.00 Stop Loss 180.00 levels and minimum target can be placed at 220.00 and above. TrendLines drawn on chart
Heidelberg Cement India Ltd - 31.12.2021
The stock is trading @ 226 levels
There is a HAMMER in daily chart
The prices are above ema
Let the prices go above 230
Stochastic is overbought in Daily Chart
watch out for the price action
this 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 : cmp : 247.85
A double bottom kind of pattern has been formed in D chart.
Yesterday Closed above the resistance lvl of 244. BO done.
Stock from current lvl might move towards 300
SL 232 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
HeidelbergCement India Ltd. engages in the manufacturing and selling of clinker and cement. Its brands include mycem and mycem Power. The company was founded on May 13, 1958 and is headquartered in Gurgaon, India.