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SHREECEM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | SHREECEM | Market Cap | 89,307 Cr. | Current Price | 24,751 ₹ | High / Low | 32,508 ₹ |
| Stock P/E | 52.3 | Book Value | 6,239 ₹ | Dividend Yield | 0.44 % | ROCE | 10.6 % |
| ROE | 7.80 % | Face Value | 10.0 ₹ | DMA 50 | 24,895 ₹ | DMA 200 | 26,438 ₹ |
| Chg in FII Hold | -1.13 % | Chg in DII Hold | 1.20 % | PAT Qtr | 532 Cr. | PAT Prev Qtr | 279 Cr. |
| RSI | 50.0 | MACD | -21.4 | Volume | 13,776 | Avg Vol 1Wk | 15,297 |
| Low price | 22,550 ₹ | High price | 32,508 ₹ | PEG Ratio | 5.95 | Debt to equity | 0.08 |
| 52w Index | 22.1 % | Qtr Profit Var | -4.31 % | EPS | 473 ₹ | Industry PE | 29.0 |
📈 Chart & Trend Analysis
- Moving Averages: Current price (₹24,751) is slightly below 50 DMA (₹24,895) and well below 200 DMA (₹26,438), showing medium-term weakness despite near-term stability.
- RSI: At 50.0, the stock is neutral, neither overbought nor oversold.
- MACD: Negative (-21.4), suggesting bearish divergence.
- Bollinger Bands: Price is near the mid-band, indicating consolidation.
- Volume Trends: Current volume (13,776) is slightly below 1-week average (15,297), showing weak participation.
📊 Momentum & Signals
- Short-term momentum: Neutral to weak, with MACD bearish but price holding near support.
- Support Zone: ₹24,500 – ₹24,700 (near-term support).
- Resistance Zone: ₹25,200 – ₹25,500 (trendline and psychological barrier).
- Entry Zone: ₹24,600 – ₹24,800 (near support, cautious entry).
- Exit Zone: ₹25,200 – ₹25,500 (resistance levels).
📉 Trend Status
The stock is currently in a consolidation phase with neutral RSI and weak MACD. Sustained move above ₹25,500 could signal reversal into an uptrend, while failure to hold ₹24,500 may trigger further downside.
✅ Positive
- Strong ROCE (10.6%) and ROE (7.8%) indicate decent efficiency.
- Low debt-to-equity ratio (0.08), showing financial stability.
- EPS of ₹473 reflects strong earnings base.
- Dividend yield of 0.44% provides income support.
⚠️ Limitation
- High P/E ratio (52.3) compared to industry average (29.0), making valuation expensive.
- PEG ratio at 5.95, suggesting costly growth valuation.
- Quarterly profit variation (-4.31%) shows earnings inconsistency.
📰 Company Negative News
- PAT declined slightly (₹532 Cr vs ₹279 Cr previous quarter).
- FII holding decreased (-1.13%), showing reduced foreign investor confidence.
🌟 Company Positive News
- DII holding increased (+1.20%), reflecting strong domestic institutional support.
- Strong 52-week performance (22.1% index gain), showing investor confidence.
🏦 Industry
- Industry PE at 29.0, much lower than SHREECEM’s 52.3, suggesting peers are cheaper.
- Cement sector benefits from infrastructure growth and housing demand, though cyclical pressures remain.
📌 Conclusion
SHREECEM is in a consolidation phase with price near support but weak MACD signals. Entry near ₹24,600 – ₹24,800 with exit around ₹25,200 – ₹25,500 is optimal for short-term traders. Long-term investors should weigh strong fundamentals against high valuations and modest earnings volatility.