Shree Cement: Breakdown being ConfirmedShree Cement is breaking down after forming a double top. If breakdown sustains we can see 20k on the stock. SL should be above days high
SHREECEM trade ideas
SHREECEM important levels for long term investmentSHREECEM important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Will Shree Cements go up ???Will Shree Cements go up ???
Reasons/Traits :
• Measured Move up pattern formation is seen
• Last 3 days candle sticks pattern shows as 3 black crows
• Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4)
• Price took support of 12 EMA with decreasing volume
What can happen next :
Scenario 1 : Stock uptrend to continue and reach 31979 (earlier life time high) /32766
Scenario 2 : Downtrend post break down of 0.236 Fib level to reach 0.382/0.5/0.618 or till 50 EMA support level
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
shree cement expecting 8000+ upmovethere are two harmonic patterns in this stock and stock is respecting them well. now there are two possibilities shown with two arrows and best would be to long on lower line for target all the way up till 33757. long in delivery.
good luck
testing the htf bais on ltfjust for educational purpose
trade with stops and follow your plan
happy trading
Intraday Trade: watch for support breakdownshort below 25700 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
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 Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
ShreecementShreecement is at channel support. If support breaks than we may see the price at 22711..But if price reverses from this channel than..price will go till 31000. Let's watch this ..how it takes.
SHREE CEMENT WEEKLY CHART SHREE CEMENT at confluence of trendline and horizontal support level
for investing it is good
for swing high reward to risk is possible.
Sideways Channel - Demand Zone reachedShree Cement has been trading in a sideways channel for a long time now and has reached the demand zone.
I am curious to see the results after EMA 9,21 confirmation or after taking a partial position here.
RSI has reached 30 levels and MACD Divergence seems decreasing as well. A strong bullish candle can increase conviction in the swing.
Only for learning purposes.
ShreecementAt make or break level.. follow up action is important as of now looks bearish.. but can turn around..
shree cement talking about bullish and bearisg flag. and side way.
sorry for mistake bearish flag.
right way in comment.
Buy_Shree Cement_FuturesCement sector is now coming in limelight. You can enter in this counter in Futures segment at current market price.
Ready to turn aroundA nice 10% correction in this stock. Why I think will start moving higher from here. Maintain SL
To understand, pls go thru Inside candles at Support
SHREECEM Buy signal , price at support I will buy SHREECEM because :
It has been taking support .
It has touched the support 3 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 26548
Target : 29527/31792
Stop loss : 26021
shree cement retesting supportshreecement at a suppourt retest, one can buy for short term profits. Fundamentally strong company.
Shree CementAfter fourth attempt 29700 Leval with the highest volume on 2 Sep. now stock are retesting his level and showing us green candle + 50 EMA Support
For F&O Buy Above 50 EMA Oce Future And Sell 30500-31000 September CE For hedging purpose, After Expiry book your profit or Sell 31000 Oct CE for sefty.
Shree Cement Trading in a channelTrading opportunities in Shree cement after the breakout of the channel on a closing basis. Above level 31470 and below range 30250.
A triangle consolidation in SHREE CEMENTFrom chart in 1 hour time frame, it seems shree cement is forming a triangle pattern and expecting a good breakout...
For long term Stock seems in impulse wave 5 and the previous supply zone should act as demand zone on retracement. That would be good entry for 0.618 and 1 fib level target as shown with fib low level as stop loss.
