SHREECEMShreecem is breaking out from upper trendline, which is good signal and strong close seen. one can enter with stop below the trendline.
risk at yours, if you get benefit, feed a poor little. thanks
SHREECEM trade ideas
Shree Cement: Ascending Triangle Breakout and RetestShree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a trading strategy, a stop-loss (SL) could be placed above the high of the doji, while the target levels are set at 22,623 as the first target and 21,853 as the second target.
Note: It's important to keep in mind that financial decisions should not be solely based on patterns or technical analysis, as market conditions are subject to change. It's advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.
Near to Important Levels - SHREE CEMENTIn my opinion, shree cement is showing upward momentum in the weekly time frame. But it is coming towards an important resistance. This level breakout can turn the stock upside. Failing to sustain above resistance levels will drag down this stock.
Important resistance Level : 25900 - 26100
Coming to support, From 2022 Jun, stock was respecting trendline levels and making higher highs. If stock closes below trendline then it will show bearishness.
Shree CementAfter showing strength from the consolidation zone, it appears to be a good range bound stock with a positive target.
SHREECEM 1HR NSE:SHREECEM
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
this is only for educational purpose. before taking trade take advice from your financial advisor.
Getting ready for a BreakoutThe 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.
Head and shoulder in SHREECEMWhat the pattern yarrr. This is 3rd stock in today's analysis. Same pattern head and shoulder.
Shreecem in bullish trend with good pattern.
Shree Cement Breakoutthanks for the support guys for 100 followers
if you any question ask in comment
SHREECEMHi guys, In this chart i Drew My Best Levels in SHREECEM for Long, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
looking very weak short suggestion 20935 is today's level as chart showing weak and earning is also negative so 1st target would be 18500 and 2nd target would be 15800 may be it takes month
Shree cement wait for close above 23600Shree cement wait for close above 23600
we can get 10% plus movement once this levels are taken over
RESISTANCE BREAKOUT ANALYSISi really think that this resistance level will be broken, maybe not the nest trading day but it eventually will. yup not much to tell about it, just a simple resistance area :D
-Happy Trading !!!
Shreecem good for upsideShree Cements in downtrend, yet at support in the down channel and market is supporting the upmove for shree cem. One can trade in future once it breaks the red horizontal line.
Shree cem - at major trendline supportLongs can be tried on Shree for a counter trend bounce
SL can be 2-3% away from trendline
Shree cement testing its support levelShree cement , on its weekly chart has touched 4 times the support level since 2016. This has made me interesting to study; on further scrutiny, the RSI is also at its support level confirming the possibility of appreciation. I welcome comments on my own study. Pls make your own decision for investing in the scrip
SHREECEM Daily Bullish Shark
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
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SHREECEMNSE:SHREECEM
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Shree cem - RSI and trendline breakoutShree - bouncing after a deep correction
Good to go long here. SL can be around 22400
shree cementShree Cement Limited is one of India’s major cement producers with an annual installed capacity of 43.4 million ton per annum
(MTPA) in India and 47.4 MTPA including overseas. It has an installed total power generation capacity of 752 megawatt (MW) including
244 MW capacity from renewable energy power plant. It had 25,860 dealers as on 31st March, 2021.
It manufactures different types of cement, including: -
Ordinary portland cement (OPC) - It refers to the hydraulic binding material ground by mixing portland cement clinker, blended
materials and appropriate amount of gypsum.
Portland pozzolana cement (PPC) - It is made by mixing ordinary portland cement with pozzolanic (siliceous) materials such as silica,
volcanic ash, fly ash, pond ash, etc. It can be reliably utilised in the construction of marine structures, masonry mortars & plastering
and hydraulic structures.
Portland slag cement (PSC) - It is a blended cement which is created with a combination of slag, clinker and gypsum. It is the most
suitable cement for infrastructure projects because of its high flexural strength and low heat of hydration.
It is having 4 integrated manufacturing plants and 9 grinding units in India along with 1 plant in United Arab Emirates (UAE). It has a
diversified brand portfolio consisting of Bangur Power Cement & Bangur Cement under Bangur brand and Rockstrong Cement, Roofon
Concrete Master Cement & Shree Jung Rodhak Cement under Shree brand to cater to a cross section of customers.
#SHREECEM can be longedPerdon! For my old brush tactis haha, but from here i feel SHREECEM can be longed!
WITH SL 23762 targets 24226 and at CMP
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