SHREECEM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | SHREECEM | Market Cap | 87,297 Cr. | Current Price | 24,195 ₹ | High / Low | 32,508 ₹ |
| Stock P/E | 50.4 | Book Value | 6,078 ₹ | Dividend Yield | 0.45 % | ROCE | 7.17 % |
| ROE | 5.69 % | Face Value | 10.0 ₹ | DMA 50 | 24,925 ₹ | DMA 200 | 26,690 ₹ |
| Chg in FII Hold | -1.13 % | Chg in DII Hold | 1.20 % | PAT Qtr | 279 Cr. | PAT Prev Qtr | 277 Cr. |
| RSI | 44.4 | MACD | 110 | Volume | 35,701 | Avg Vol 1Wk | 28,562 |
| Low price | 22,550 ₹ | High price | 32,508 ₹ | PEG Ratio | -2.45 | Debt to equity | 0.09 |
| 52w Index | 16.5 % | Qtr Profit Var | 21.4 % | EPS | 480 ₹ | Industry PE | 30.8 |
📊 Chart & Indicators: SHREECEM is trading at ₹24,195, below both 50 DMA (₹24,925) and 200 DMA (₹26,690), showing weak momentum. RSI at 44.4 indicates neutral-to-bearish sentiment, while MACD at 110 shows mild positive divergence. Price is consolidating between support (~₹23,800–₹24,000) and resistance (~₹25,000–₹25,200). Volume (35.7K) is slightly above weekly average (28.5K), suggesting moderate participation.
🎯 Entry/Exit Zones:
- Buy Zone: ₹23,800–₹24,200 (near support)
- Stop-Loss: ₹23,500
- Exit Levels: ₹25,000–₹25,200 (short-term resistance), ₹26,500–₹26,700 (major resistance near 200 DMA)
📈 Trend Status: Consolidating with weak bias; price below moving averages, RSI neutral, and MACD mildly positive. Short-term momentum sideways with potential reversal only if sustained above ₹25,200.
✅ Positive
- Quarterly PAT stable at ₹279 Cr vs ₹277 Cr
- EPS strong at ₹480
- DII holdings increased (+1.20%)
- Low debt-to-equity ratio (0.09) ensures financial stability
⚠️ Limitation
- Price below both 50 DMA and 200 DMA, weak technical trend
- ROE (5.69%) and ROCE (7.17%) remain modest
- PEG ratio -2.45 indicates poor growth-adjusted valuation
- High P/E of 50.4 vs Industry PE 30.8 → stretched valuation
📉 Company Negative News
- Correction from 52-week high (₹32,508 → ₹24,195)
- FII holdings reduced (-1.13%)
- Weak profitability metrics compared to peers
📊 Company Positive News
- Stable quarterly earnings despite sector challenges
- Dividend yield at 0.45% provides investor support
- Strong EPS reflects earnings capacity
🏦 Industry
- Industry PE at 30.8, lower than SHREECEM’s valuation
- Cement sector demand supported by infrastructure growth
- Input cost pressures impacting margins across the industry
📝 Conclusion
SHREECEM is consolidating near support with neutral RSI and mild MACD positivity, but weak fundamentals and stretched valuations limit upside. Best suited for cautious swing trades with entry near ₹23,800–₹24,200 and exit around ₹25,000–₹25,200; long-term investors should remain cautious unless ROE/ROCE improve significantly.
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