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SHREE CEMENT LTD

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SHREECEM trade ideas

SHREE CEMENT S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SHREECEM
by zenthosh
buy at zone - swing / intradayENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:SHREECEMLong
by rajeevmmails
Shree Cement target 30000The chart indicates an Elliott Wave analysis for Shree Cement Ltd. on the 1-hour timeframe, suggesting that the stock has started its 3rd wave with a target of 30,000 INR. Here's a breakdown of the key points from the chart: Wave Count: The chart shows the completion of waves 1, 2, 3, 4, and 5, followed by an ABC correction. The current movement is identified as the beginning of the 3rd wave. Trendline Breakout: There is a downward sloping trendline, which the price has recently broken above, suggesting a bullish reversal. Target: The target for this 3rd wave is set at 30,000 INR. Current Price: The current price is 27,800 INR. If you need further analysis or have any specific questions regarding this chart or the Elliott Wave theory, feel free to ask!
NSE:SHREECEMLong
by HARISHRAO99
SHREECEM : Booked a profit of 6.17% on the invested capitalAfter the initial re-entry I did take one more position and summed up the total holding to 1.25% of the net capital at the time. Then as soon as the price reached a key inflection level I closed the position and made some re-allocation to the portfolio. The profit booked was about 6.17% of the invested capital. I'll be looking forward for a re-entry if the price crashes to the low of the diverging channel forming as of now. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:SHREECEMShort
by Sniper-Traders
Shree Cement looking strong on charts supported by volumesShree Cement Ltd. engages in the manufacturing of cement and cement-related products. The company's brand names include Shree Ultra, Bangur, and Rock Strong. The firm's products include: Ordinary Portland Cement, Portland Pozzolona Cement, Portland Slag Cement, and Composite Cement. CMP of the stock is Rs.25746.55. The Negative aspects of the company are Companies with growing costs YoY for long term projects , High PE (PE > 40), MFs decreased their shareholding last quarter and Declining cash from operations annual. The company's Positive aspects are No debt, Zero promoter pledge, Improving annual net profit. Entry can be taken after closing above 25835. Targets in the stock will be 26000, 26733 and 27283. The long-term target in the stock will be 28317, 29210 and 30754. Stop loss in the stock should be maintained at Closing below 23767. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:SHREECEM
by Happy_Candles_Investment
Accurate strong Sell signal has generated in SHREECEMThe Eagle Signal Pro v2 indicator has identified a compelling trading opportunity in Shree Cement share, signaling a potential BEARISH trend reversal or continuation. This indicator, known for its accuracy and reliability, has generated a strong Sell signal based on its advanced analysis of price movement and key technical analysis. Traders utilizing the Eagle Signal Pro v2 indicator might consider opening short positions in Shree Cement shares to capitalize on the anticipated bearish trend. Entry points can be identified based on the indicator's signals, supported by additional technical analysis tools such as candlestick patterns and trend lines. Disclaimer: While the Eagle Signal Pro v2 indicator provides valuable insights and signals for trading opportunities in shares, it's essential to acknowledge the inherent risks involved in trading financial markets. The stock market is subject to volatility, and prices can fluctuate unpredictably. Despite the indicator's signals, there is no guarantee of success, and traders should be prepared for potential losses.
NSE:SHREECEMShort
by Blackowltraders
[Basket] Shree Cements Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:SHREECEMLong
by Amit_Ghosh
SHREECEM : Booking profits early onThe current state of the overall Indian market appears to be somewhat overvalued, with even individual stocks reflecting valuations that exceed their fundamental metrics. In light of this assessment, I have identified more compelling investment opportunities within both the US and Indian markets, ones that I have a higher level of confidence in. As a result, I have made the strategic decision to realize profits from this position and strategically reallocate capital to these identified opportunities. But I'm well aware that there is potential for further upside move in this stock before a selling pressure might come in. Closed the position at around 26135.60 INR. Booked a profit of about 8.97% of the capital allocated. Previous analysis of this stock is attached along with this post. Do check that out.
NSE:SHREECEM
by Sniper-Traders
SHREECEM : Holding the 1.25% holding. Not adding more into it.Pros 1. The balance sheet and the cash flow statements are looking pretty good. Debt to equity ratio as well as current ration over the last 5 years are higher than the industry average. Same is the case with free cash flow. 2. When looking into its competitors there is Ambuja and ACC under Adani, Ultratech, Grasim and the likes. So this is a pretty competitive sector with a lot of major players and Shree Cement don't have any special MOAT in this sector. 3. When looking into the shareholding pattern there is nothing suspicious. Promotor has more than 50% shareholding and shows their confidence. FII have more share holding than DIIs. Retailers have almost the same amount of share like FIIs. Cons 1. The market share of the company is decreasing and the net income is lower than industry average. 2. Valuation is higher that the market average. 3. Growth is also lagging behind the market in financial growth. Conclusion At the current levels I don't have much confidence in the stock to increase my holding to 2.5% of the capital, which is the maximum I invest in a stock. So I'm keeping my current position of 1.25% on hold. But I will consider adding on to the position if the price falls to a much better position as mentioned in the chart, which is the low of the parallel channel line. And if it moves up then will exit my position at around the top of the parallel channel line.
NSE:SHREECEM
by Sniper-Traders
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.
NSE:SHREECEMShort
by JigarHathiyani
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.
NSE:SHREECEM
by Breakout-Ideas