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Shree Cement is on the verge of breaking a bullish flag pattern layout. It is consolidating in a triangle since last 45 days. It is well above 200 days EMA.
25530/- Looks Immediate Resistance , Momentum may resist here
It's super high for Shree cement
Looking so Lucrative for short sell at 24230/- , time of posting may differ price ,. trade is active on 24230/-
Technical - Raising pattern, should reach the top. Ultimate Target 31200. Positives - CARE has reaffirmed SHREECEM as CARE A1+
a. Zone: Strong Bear b. Resistance 1: 20486.25 c. Resistance 2: 20738.15 d. Support 1: 19394.75 e. Support 2: 18219.30 NSE:SHREECEM
Shree Cement Reversal Point - 21478 Stop Loss - Exit if Day closing below 21103 Target - 21853
shree cements trading at its tendline and holding the 22000 level comfortably, swing buy can be initiated above 22200.
1. A clear support zone 2. go long @ 21455 3.keep eye on comment box regularly
TRADE THE BREAKOUT!! SEE THE POWER OF PRICE ACTION IN THE COMING DAYS Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
Refer to the S/R areas & prices move within the S/R zones Dark Green - 1M Dark Pink - 1W Bright Green - 1D Dark Red - 75M
Sell on rise at 22400 & 22600 stop loss 22950 target 21400-21100
Shree cement declared good results.I am on Buy side for long term despite of weak markets.
Sell Shree Cement on rise with SL of 18240 and targets of 17250/17000.