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...
No-Overlap In RRG Q1 Good to assess on retests near the range Must never cross below 24523 if upside is to be intact
Head and shoulder pattern in Shreecem, though Index is in full bearish mode Shreecem is consolidating and giving some momentum in day, one can plan longs in Shree cement above 24600 with swing low as SL.
NSE:SHREECEM Shree cem has been on a consolidated mode and very good chances to make a cup and handle in months to come.
Support at previous High Increasing score No-Overlap makes it bullish Shunted till 24551
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...
📈 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...
shreecem in bullish mode, after channel break out. expected to hit the target as marked in the chart
SHREECEM important levels for long term investment Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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
head and shoulders breakout patterned happened entry and exit points marked on chart
Reversal possible in Shree cement from strong support line..
SHREECEM has taken strong support at 20-EMA. I would buy (14:00 hrs now) at 28550 for 2% profit aqt 29125, with SL as 15-min candle closure below 28300.
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
moving averages converging 3rd time retruned from the given level if breakout from that it can begin uptrend target and sl as mentioned
SELL
All 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...