Shree CementST & MT supports...As long as its above its safe.
But seeing some of the other big companies, there is a lot of pressure to stay above the supports.
SHREECEM trade ideas
SHREECEM: DisJntAngle BuyOnly@16990 SL:16750, TGT:18160SHREECEM traded more than average Volume on NSE today with loss of close to 3% however with OI close to 2.6% which suggests that SHREECEM downtrend is about to complete and its close to reversal at lower end of Disjoint Angle formation.
Hence Buy SHREECEM only around 16990 with SL of 16750 and Target of 18160 (atleast 45 sessions)
SHREECEM-Go LongShree cem is at the monthly support level. Good to go long now. Further updates will be given
BEARISH BUTTERFLY and currently at SUPPORT level in SHREECEMBEARISH BUTTERFLY and currently at SUPPORT level in SHREECEM
One can take entry at current level - 19100- 19050
TARGET 1- 18658
TARGET 2- 18203
STOPLOSS AT the high of previous day candle - 19433
Shree cements if closes above 19000 , will test previous highsShree cements SHREE CEMENTS if closes above 19000 , will test previous highs . Took a support from 200 DMA , retraced from 50% Fibonacci levels , and is facing resistance at 0.236 fibonacci levels .
bearish divergence there and bearish engulfing patternbearish engulfing pattern there and bearish divergence there and short the stock!!!!!!!!!!!!!!!!!!
Bullish Cypher - SHREE CEMPotential Bullish Cypher Pattern is forming.
Long Entry @ 16462
Target @ 17227
SL @ 15964
