points SHREECEM shortstoploss 23500
target 22330
duration 15-20 days
when a price is near any trendline you should:
if price is above trendline
make a long position
if price is below trendline
make a short position
SHREECEM trade ideas
Shree Cement forming bear flag pattern.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 out/down.
3 point confirmation.
1. Bull trap on daily time frame.
2. Trading below 20 ema (on weekly time frame).
3. Rejection from 20 DMA.
An intraday or swing trade can be initiated once the stock break out/down form the box.
For option traders next month option can be traded as tomorrow is monthly expiry.
Target (upside) :- 22000, 200 DMA
Target (downside):- 20200, 19500
The stock has been trading in a range of 3.5% from end of september. A nice movement can be captured in this stock once is closes outside the box and sustains the levels.
Wait for the price action near the levels before entering the trade.
Shree Cement is ready for up move 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 good volume retest done.
First Entry :- Aggressive traders can enter now
Stop Loss :- ₹22500
Second Entry :- above ₹25600
Stop loss :- 23450
Targets :- ₹25750,29390,31234,35890,40720,50000,54900
Shree cement long opportunityNSE: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 long:
-Support from both 50 and 200-week EMA
-Support from both 50 and 200 daily EMA
-Presence of a strong support zone
The Risk reward ratio is also decent. The ideal place for entry would be at the retest of trendline 1, although a few quantities of the stock can be bought at the Current market price.
*NOT A CALL*
#shreecement #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing
Shree Cement Cmp 21712 dated 25-8-2022Shree Cement Cmp 21712 dated 25-8-2022
1. Ascending Triangle Pattern.
2. BO above 21900
3. Volume Rise.
Buy above 21900 for tgt of 22400-22800-23300-
23700-24500-25800 SL 21200
It is just a view, pls trade at your own risk.
Falling Wedge Pattern BreakoutGood volume breakout, take entry today EOD or on retest of breakout level.
Shree Cement Long -Pole & Pennnant Shree Cement Long -Pole & Pennant
Intraday wise looks great to long trade
Pattern - Pennant
Shree Cement Long -Pole & Pennnant Shree Cement Long -Pole & Pennnant
Stop -24138
Targets -24880 & 25000 So on
Looks great for Buy
Shree Cement
Shree Cement is on breakout having good support of volume and technicals if it goes above 23730 , it can rally upto 26k easily in this month.
ShreecementTodays action is very positive as the candle and volume shows however its at trend line resistance hence breakout would be required to make it change of trend positively
Shreecement trade of the year??Shreecement has formed a beautiful cup with handle pattern
- U shaped Cup
- Dried up volume at formation of handle
- Handle formation above 10MA
Target: T1 at 22394 and T2 at 26219
Stop loss: 19453
company is fundamental strong as well following the CANSLIM stratergy
Keep It Simple
Shree Cement - Coal Price AlrtIf markets start showing weakness and we are about to encounter a global weakness one sector which might get hurt is cement becuase coal prices are not cooling off yet.
Short below 21000 with stoploss above 21400. Could be a short term breakdown + breakdown below all moving averages too.
Long above green line is goodshree cement given good breakout wait some accumalation and volume builtup
rising wedge patternwatch out for breakout or breakdown
stock is consolidating in two rising trend lines
SHREECEM .......... Breakout...!After consolidation .... rejecting the downside & Can go to the next resistance.
buy signal in shreecembuy trade in shree cemfor 1:2.3 risk reward... since there was a downfall after which price started to rise again from line....this trade is good in terms of high risk and reward...even if we loose in this trade...we will only loose 2.3rd part of what we will gain ..if we gain from this trade
Shree Cement Should you take itNSE: 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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