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...
Head and shoulder pattern in Shreecem, though Index is in full bearish mode Shreecem is consolidating and giving some momentum in day, one can plan longs in Shree cement above 24600 with swing low as SL.
SHREECEMENT has broken a long weekly channel downward.
So sell between 25000-24800 with Stoploss 25850 to get the target 21000.
After a significant fall it will try to get into the channel means a pullback. if this pullback fails to enter into the channel above 25850 then 21000 will be very certain in coming weeks.
SHREECEM 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...
Shree cement looking good. Wait for ABOVE level weekly time.
buy after above weekly candle close.
please wait for weekly candle close.
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SHREECEM has give cup n handle pattern breakout from previous resistance levels of 27000.
Target: 30500 - 30800
SL: Daily candle close below 26950
Note: CnH is a upside trend continuation pattern. Hence it is indication on upward trend continuation and good for long on trailing basis.
📈 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...
NSE:SHREECEM is at the verge of giving a Breakout, It has already given Breakout in Bollinger Squeeze.
Targets:-
T1- 28575.55
T2- 29242.00
T3- 30199.45
📊 Pattern: Continuation Wedfe
📌 Symbol/Asset: Shree Cement
🔍 Description: Momentum Stock at Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
