SHREE CEMENTReady to give Good move "SHREE CEMENT" taking support 26000 to 25700, 200 EMA support, making W pattern
SHREECEM trade ideas
Shreecement is at multi year supportShreecement is at multi year support and 200 day moving average support we can buy at CMP 26250 for the short term target of 30000 and 32000
Shree Cement Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Head and shoulders and breakout in SHreecemhead and shoulders breakout patterned happened
entry and exit points marked on chart
Shree CementsA trading guide- whichever side the move is will be 3000pointer. Let us give a breather of 500point either side and trade
[POSITIONAL] SHREECEM SHORT BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Shree Cement Long positionCement 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 to 25800.
Support reachedShree Cement has reached an Imp support, RSI also picked up, waiting for MACD to give the green signal
#shreecement potential short candidate if falls from support#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%.
SHREE CEMENT 1hr analysisSHREE CEMENT has given a breakout
and now t is at a support level, we can consider it
as a retest, it's not necessary that it should touch
the trend in order to make new high's,
there's a high probability that it'll bounce back from here
"given markets are positive"
The first target should be 29500, we can hold it even further,
but have to have enough patience
SHREECEM: Buy for 29000SHREECEM has taken strong support at 20-EMA. I would buy (14:00 hrs now) at 28550 for 2% profit aqt 29125, with SL as 15-min candle closure below 28300.
SHREE CEMENT; TRIANGLE BREAKOUT The script had taken multiple supports and rejections at the trendlines forming a triangle pattern. A recent breakout from the resistance trendline can be seen followed by a retracement. The resistance trendline now will act as a support line. The targets for the script have been shown using the Fibonacci extension. With the Q1 results around, I'm expecting a good rally in Shree Cement.
Shree CementResults round the corner
Any dip towards 27900 to be bought into
important levels marked
Like.... Share and Follow....
Shree Cement Trade ReasonBreak 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
SHREECEMNote:
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 opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
watch for range breakout 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 analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
buy above given levelmoving averages converging
3rd time retruned from the given level
if breakout from that it can begin uptrend
target and sl as mentioned
Shree Cement... Triangle breakoutOption traders can sell 27500 PE @ 400
& buy 26000 PE @ 145.
Margin required Rs. 55,000.
Net profit Rs. 6,300 (11.5%)
Good to enter when the script retraces back to the trendline.
Analyze and take the trade if you are convinced.
