Breakdown

Jan 24, 2021

#ShreeCem is trading near the lower part of the #Rectangle or #Box with major neckline support placed at 23500. If trades and sustains below 23500 then its a perpetual short. Good to wait for another one week till results before initiating any trade. Added it to my short watchlist.

Jan 24, 2021

Note

Disclaimer: Objective of posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Feb 4, 2021

Note

Stock went down nearly 1000 points below the shared level before bouncing post budget.