SHREECEM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Shree Cement Ltd. (SHREECEM)

📊 Trend Analysis

Current Trend: The stock is in a consolidation phase, trading below its 50 DMA and slightly above the 200 DMA. This suggests indecision and lack of strong directional momentum.

Long-Term Trend: Still intact, but short-term weakness is evident.

📈 Moving Averages

50 DMA: ₹30,209

200 DMA: ₹29,218

Current Price: ₹29,960

Interpretation: Price is below the 50 DMA and just above the 200 DMA — a neutral to slightly bearish setup. A decisive move above ₹30,209 would be needed to confirm trend reversal.

📉 MACD & RSI

MACD: Deeply negative at -209, indicating bearish momentum.

RSI: Neutral at 48.6 — no overbought or oversold signal.

Conclusion: Momentum indicators suggest weakness, with no immediate buy signal.

📊 Volume Trends

Current Volume: 36,854

1-Week Avg Volume: 34,704

Interpretation: Volume is flat, indicating low conviction. Watch for volume spikes near support or resistance for directional clues.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹30,500 with volume would confirm bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 29,218 200 DMA, strong base

Support 2 28,500 Psychological support

Resistance 1 30,209 50 DMA, near-term ceiling

Resistance 2 31,500–32,508 52-week high zone

🎯 Entry & Exit Zones

Optimal Entry: ₹29,200–₹29,500 (on pullback with confirmation)

Exit Zone: ₹31,500–₹32,500 (partial profit booking near resistance)

🔍 Summary

Trend: Consolidating

Momentum: Weak

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹29,200–₹29,500 only if support holds. Avoid aggressive entries until price breaks above ₹30,209 with volume.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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