Monthly Demand is formed and Price in lower timeframe has retraced into the Demand, This Daily Demand has coincided into the Monthly Demand hence a valid Trade with defined risk.
The scrip is consolidating near resistance and there is a high possibility of breakout from the range. This can be a good short term bet, Keep in radar.
SHREECEM is about to finish semetrical pattern and ready to go up, first target will be 30K, and 2nd will be 32K.
Stock Analysis: Shreecem has formed double bottom closing above the supply zone expect to reach the target given on the chart with below demand zone as stop loss.. Lets' see Happy Trading..