Shree Cement is breaking its important support also its RSI is breaching below 40 and there is bearish MACD crossover, could soon see levels of 24083 and 23900. Short near 24300-24350.
Very strong resistance provided in daily chart @27350 if break and sustain above it . Then go for long as swing trade for 2000 points target at higher levels.
ACC CMP 2241 stock has given narrow range breakout can initiate longs with sl of 2084
there are two harmonic patterns in this stock and stock is respecting them well. now there are two possibilities shown with two arrows and best would be to long on lower line for target all the way up till 33757. long in delivery. good luck
short below 25700 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before...
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.
Cement sector is now coming in limelight. You can enter in this counter in Futures segment at current market price.
After fourth attempt 29700 Leval with the highest volume on 2 Sep. now stock are retesting his level and showing us green candle + 50 EMA Support For F&O Buy Above 50 EMA Oce Future And Sell 30500-31000 September CE For hedging purpose, After Expiry book your profit or Sell 31000 Oct CE for sefty.
Stock seems in impulse wave 5 and the previous supply zone should act as demand zone on retracement. That would be good entry for 0.618 and 1 fib level target as shown with fib low level as stop loss.
Potential to break Resistance 1 Target close to Resistance 2
Reversal possible in Shree cement from strong support line..
Cement sector as a whole has been subdues in the ongoing bull run. There is also decent accumulation in the price band of 26500-27900. As per the specifics and fundamentals, there is going to be some moderate buying in this sector owing to the RIGHT PRICE. I would suggest to invest in future and hold till September. Don’t put SL, instead buy if it comes to levels...
#shreecement selling with high volume since a week. Momentum and trend in short term is bearish. another red below the support zone where it is currently good give a short opportunity that could more than 10%.
Results round the corner Any dip towards 27900 to be bought into important levels marked Like.... Share and Follow....
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
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
buy above 29515 for swing/ Intraday for swing trade keep stoploss 28500 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
moving averages converging 3rd time retruned from the given level if breakout from that it can begin uptrend target and sl as mentioned