Shree Cement Ltd.- Rising Wedge Breakout ??
Shree Cement Ltd.
The stock is trading in a narrow range and has formed a rising wedge pattern.
RSI is taking support from 60-level and is neutral to bullish.
TT2 Daily & Weekly are Bullish.
If the price trades above the narrow range 23140, a breakout is expected. Nearby resistance zone is 25000-25200 and the support is 21600 on the daily chart.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
The stock is trading in a narrow range and has formed a rising wedge pattern.
RSI is taking support from 60-level and is neutral to bullish.
TT2 Daily & Weekly are Bullish.
If the price trades above the narrow range 23140, a breakout is expected. Nearby resistance zone is 25000-25200 and the support is 21600 on the daily chart.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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