Support at previous High Increasing score No-Overlap makes it bullish Shunted till 24551
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...
long shree above 21400 sl as per chart in long only portfolio
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...
NSE: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...
Symmetrical triangle breakout in shree cement enter after pull back (retest)
Shree 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.
Good volume breakout, take entry today EOD or on retest of breakout level.
Shree Cement Long -Pole & Pennant Intraday wise looks great to long trade Pattern - Pennant
Shree Cement Long -Pole & Pennnant Stop -24138 Targets -24880 & 25000 So on Looks great for Buy
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.
Todays 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 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
Defensive Bet !! Defensive traders can surely try this trade
If 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.
shree cement given good breakout wait some accumalation and volume builtup
Shree cement ltd Break down from a trend line good shorting opportunity...
watch out for breakout or breakdown stock is consolidating in two rising trend lines