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.
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k314
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Sir, Here is my perspective on the long setup after observing a channel pattern since May 2016
Target1= 133; target 2= 150 (or channel top)
SL 102
k314
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Sir,
as per my previous comment Heidelberg Cementhas hit our first target of 133 and made a high of 141.
Now SL can be revised to 110 with bigger targets...
Target1= 133; target 2= 150 (or channel top)
SL 102