SHREE CEMENT LTDShort
Shreecem Double TOP
Shreecem closing 2655.9 form a Double top Pattern On a Daily Chart
Reason.
1 --> Price not cross previous Swing High and made a Lower High.
2 --> Support find near 20 EMA.
3 --> RSI is come under 60.
4 --> ADX is show Bearish move and -DMI is rise.
5 --> Volume is cross the Average Line and Bearish Volume.
Reason.
1 --> Price not cross previous Swing High and made a Lower High.
2 --> Support find near 20 EMA.
3 --> RSI is come under 60.
4 --> ADX is show Bearish move and -DMI is rise.
5 --> Volume is cross the Average Line and Bearish Volume.
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