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...
Shree Cement Inverted Head & Shoulder and Wedge Pattern How to find the next target and how to analysis near resistance Zone How to Draw a Trend Line for useful position How to set target (Resistance) or Support by using Technical indicator How to use indicator In trading season like Pivot VWAP simple Price Action Theory #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...
📈 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...