Beautiful pattern is in making, good company fundamentally, can go long now, it may breakout of rounding off pattern and then go for consolidation to make cup and handle. Keep an eye. Go long in parts.
Shree Cement has been trading in a sideways channel for a long time now and has reached the demand zone. I am curious to see the results after EMA 9,21 confirmation or after taking a partial position here. RSI has reached 30 levels and MACD Divergence seems decreasing as well. A strong bullish candle can increase conviction in the swing. Only for learning purposes.
Break out with Good volume - Confidence Next candle with big WICK with heavy volume - Shows the Buying is still absorbing selling Next two candles Profit booking Because there are big candles but no Volume - Sellers are not Aggressive So that's the reason for the entry now also is a good one
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
GOODLUCK TARGET MENTION BLUE LINE ENTRY LINE ARROW GOODLUCK! DOWN TRENDLINE IS 1DAY TRANDLINE ONLY FOR BIG CAPITAL , SMALL CAPITAL NOT ALLOWED INCLUDE ME!
SHREE CEMENT BULLISH 10% UPSIDE POSSIBLE IN COMING DAYS SYMMETRICAL TRIANGLE PATTERN IS OBSERVED , WITH RSI SUPPORT INDICATOR BULLISH WITH UPSIDE TARGET tgt1=22700 tgt2=23000 tgt3= 23200 keep close watch feedback always welcome comment your views on comment section if like done forget to agree and like and add reputation your mcpriceaction
shree cements trading at its tendline and holding the 22000 level comfortably, swing buy can be initiated above 22200.
Shree cement declared good results.I am on Buy side for long term despite of weak markets.