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SHREE CEMENT LTD

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SHREECEM trade ideas

SHREECEM Analysis & Prediction in DTFThis is the analysis of SHREECEM in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About SHREECEM : Shree Cement Ltd. engages in the manufacturing of cement and cement-related products. The company's brand names include Shree Ultra, Bangur, and Rock Strong. The firm's products include: Ordinary Portland Cement, Portland Pozzolona Cement, Portland Slag Cement, and Composite Cement. The company was founded on October 25, 1979 and is headquartered in Kolkata, India.
NSE:SHREECEMLong
by suraranjanganguli
Shree Cement looking slight bearish on weekly charts.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 booking. If the stock start trading below the support zone around 24400 levels, a shorting opportunity may be captured in the stock. The stock is trading near a high volume area. It is showing some selling happening around 26000 level. Entry can be made once the price start trading below 25400 with proper SL. Another entry for new trades can be made below the support zone. Targets are marked and can be achieved in 1-2 weeks after the entry triggers. Wait for the price action near the levels before entering the trade.
NSE:SHREECEM
by Mambotrade
SHREECEM : Re-entry intiatedSHREECEM has exhibited robust performance in the third quarter of FY24, bolstered by favorable market conditions despite ongoing fluctuations. Shareholding Pattern: Promoters maintain a significant stake of 62.55% as of December 2023. Institutional investors, including FIIs, DIIs, and Mutual Funds, collectively hold approximately 24.86% of shares, with no clear trend in their holdings. Retail investors hold 12.59% of shares, with strong hands dominating over retail holdings. Financial Insights: Despite mixed sentiments in financials, SHREECEM's third-quarter performance remains attractive. Declining cement prices since November, albeit an improvement of 3% compared to the same period last year. Modest demand in January due to severe cold, with anticipated rapid improvement in February and March, historically strong quarters for demand. Favorable industry-oriented budget supports optimistic demand growth outlook. Declining fuel prices, coupled with secured fuel reserves till March, have positively impacted results. Strong volume growth of 133% in the first 9 months of FY24, with an expected 11% growth for the full year, indicating potential demand weakness in Q4. Regional Performance: Southern region experiences the most significant impact on volume growth, while northern and eastern regions, including central India, exhibit resilience. Consistent demand growth across regions in the last quarter is expected to persist, with no major regional disparities anticipated. Despite market fluctuations, SH Cement demonstrates resilience and potential for growth, driven by strong operational performance, favorable budgetary policies, and consistent demand trends across regions. Investors may find SHCEM an attractive proposition amidst current market dynamics. Taking into account the potential upside and downside risks, a position has been initiated for approximately 1.25% of the net capital, anticipating a potential move of about 20% to the nearest inflection levels. However, it's acknowledged that there exists a downside risk of approximately 18% to the start of the higher timeframe ascending channel. I'll consider adding on to the position, if in case, the price falls down to those levels. Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:SHREECEMLong
by Sniper-Traders
Shree Cement : Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Flag & Pole 📌 Symbol/Asset: SHREECEM 🔍 Description: Stock is in a different patterns. Stock should give breakout above 27400-27500 If stock is not able to cross the Resisstance then we can see correction till the support of 24200-24300. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. hashtag#cement hashtag#industry hashtag#money hashtag#stock hashtag#trading hashtag#investing hashtag#finance hashtag#realestate hashtag#nifty50 hashtag#stockmarket
NSE:SHREECEMLong
by FiveCircles