Hello mates from past many time we are seeing a decent correction in Shree cements whatever the reasons behind that but now it is looking the formations of rebound structure for a positive trend reversal by breaking a strong resistance which has faced by this from last many weeks but now broken and also given a good close on above that so we can expect a good bullish momentum will continue in this counter, Also the 20,50,100, and 200 EMA also giving strength to the price as the price is standing above and very well trading on all mentioned EMA. Those who are expecting a retest of breakout can wait for that.
STRENGTHEN PRICE STANDING ABOVE ALL MOVING AVERAGES
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk