SHREECEM Analysis & Prediction in DTFThis is the analysis of SHREECEM in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About SHREECEM :
Shree Cement Ltd. engages in the manufacturing of cement and cement-related products. The company's brand names include Shree Ultra, Bangur, and Rock Strong. The firm's products include: Ordinary Portland Cement, Portland Pozzolona Cement, Portland Slag Cement, and Composite Cement. The company was founded on October 25, 1979 and is headquartered in Kolkata, India.
SHREECEM
Shree Cement looking slight bearish on weekly charts.Shree cement has been in a bearish move and a retest to 38.2% fib levels is also there on the weekly charts.
The stock is trading around 25500 levels and the price action formation is looking bearish.
Bearish engulfing candle and rejection from 20 ema adds on to the confluence. Though the markets are trading at ATH and chances are there of a profit booking.
If the stock start trading below the support zone around 24400 levels, a shorting opportunity may be captured in the stock.
The stock is trading near a high volume area. It is showing some selling happening around 26000 level.
Entry can be made once the price start trading below 25400 with proper SL.
Another entry for new trades can be made below the support zone.
Targets are marked and can be achieved in 1-2 weeks after the entry triggers.
Wait for the price action near the levels before entering the trade.
Shree Cement forming bear flag pattern.Shree Cement has been consolidating in a narrow range for around 4 weeks.
The stock has formed a bull trap on the daily time frame, giving a break out and getting back to the consolidation zone.
It has been facing a rejection from 20 DMA and a bear flag is there.
Moving averages on the hourly time frame are close and the stock can give either side break out/down.
3 point confirmation.
1. Bull trap on daily time frame.
2. Trading below 20 ema (on weekly time frame).
3. Rejection from 20 DMA.
An intraday or swing trade can be initiated once the stock break out/down form the box.
For option traders next month option can be traded as tomorrow is monthly expiry.
Target (upside) :- 22000, 200 DMA
Target (downside):- 20200, 19500
The stock has been trading in a range of 3.5% from end of september. A nice movement can be captured in this stock once is closes outside the box and sustains the levels.
Wait for the price action near the levels before entering the trade.
Shree Cement Chart Analysis !!📈 SHREE Cement 📉
My Findings :-
1. Breakout of Downtrending Trendline Zone.
2. Breakout from a swing high.
3. Close above Feb and March high.
4. Higher High and Higher Low formation.
Bias- Long
Target- 27528, 29533 and 31059
SL- 24565
RR- 1: 4
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
SHREECEM Buy signal , price at support I will buy SHREECEM because :
It has been taking support .
It has touched the support 3 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 26548
Target : 29527/31792
Stop loss : 26021
Shree Cement Trade ReasonBreak 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
#SHREECEM .. 25% upside in next 2 monthsAll details of analysis are on the chart..
MACD and RSI are at great levels too for both daily and weekly timeframes..
the superimposition method is just a way to estimate the timeframe of price movement and is not indicative of how the actual price movement may happen.. Be Aware of that..Also, timeframe of trade will be less or more than my estimate.. I don't know the future, it is an educated guess
#STARCEMENT CMP114.60 #Target 126.75 #Cement #Industrial #NiftyDaily Chart
#STARCEMENT
NSE: STARCEMENT
Short Term Quick Profit
CMP 114.60
Target : 126.75
SL : 109
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#RAMCOIND
NSE:RAMCOIND
CMP: 282.50
Target: 320
Stop Loss: 254
Time Frame: Approximately 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
SHREECEM Buy signal at 23397 , Forming a Channel patternI will go LONG on SHREECEM because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 23397
Target - 26144
Stop loss - 22408