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...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Flag & Pole
📌 Symbol/Asset: SHREECEM
🔍 Description: Stock is in a different patterns. Stock should give breakout above 27400-27500
If stock is not able to cross the Resisstance then we can see correction till the support of 24200-24300.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or...
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.
Shree Cement Inverted Head & Shoulder and Wedge Pattern
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How to set target (Resistance) or Support by using Technical indicator
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#stock #cement #indianstockmarket
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...
Fundamental :- Shree Cement is the third-largest cement manufacturer in India with a capacity of 41+ Million Metric tonnes per annum which has grown over the last 10 years at 15.33% CAGR. The company has a market share of 8% and is third after Ultratech cement with 19% and Holcim (ACC+Ambuja) with 13% market share.
Technical :- Symmetrical Triangle breakout with...
NSE:SHREECEM
Stock -> Shree Cement
TimeFrame -> Weekly
Hello all!
Shree Cement has been moving in a channel since Feb 2016. It came back to its lower channel trendline, bounced back with extremely high volumes and also broke trendline 1. I believe it makes for a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going...
NSE: SHREECEM
If Breaks Then The Targets could be Taken at 21080
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and Shoulders
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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Vannakam makkale. Seems like Namma Shree Cement took support maximum 18300 to 18400 range good support ah irrukum.
Let's see and can accumulate first 30% here but still crudeoil price surge short to mid term la issue ah irrukum but long term la pricing power to top companies vanthuruvanga.
Any doubt and questions means kindly comment below. share with your...
📈 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...
SHREE CEMENT
Stock trading at its trendline, still BO not happen
Also On daily chart formation of H&S, right Shoulder (Expected)
If Stock continue to correct from this levels for H&S formation then buy at dips
or if BO happens then wait for 25700 levels to Close and then buy for 5-7% upside move
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Note:
Above levels are for education purposes only
Do your...
