SHREECEM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a detailed technical breakdown of Shree Cement Ltd. (SHREECEM) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Mild Downtrend / Consolidation

Price is below the 50-DMA (₹30,616) and hovering near support zones.

Trading above the 200-DMA (₹28,819) — long-term trend remains intact.

RSI (43.7): Weak momentum, leaning bearish.

MACD (178): Positive but flattening — momentum is not accelerating.

Volume: Slightly below average — low conviction in current moves.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA → short-term weakness.

Price > 200-DMA → long-term support still valid.

Bollinger Bands

Price near mid-band — no breakout or squeeze.

Support Levels

₹29,800 – ₹30,000 (near-term support)

₹28,800 (200-DMA)

₹27,500 (trendline support)

Resistance Levels

₹30,600 – ₹31,000 (50-DMA zone)

₹32,000 – ₹32,500 (recent highs)

🔍 Momentum Signals

Short-Term Bias: Neutral to Bearish

RSI below 50 and MACD flattening suggest fading bullish momentum.

Volume is light — no strong buying interest.

Stochastic RSI & Oscillators: Mixed signals — no clear reversal yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹29,800 – ₹30,000 Near support, potential bounce zone

Exit Target ₹31,000 – ₹32,000 Resistance zone, recent highs

Stop Loss ₹28,800 Below 200-DMA and key support

🧠 Summary

SHREECEM is in a consolidation phase with a slight bearish bias. Technical indicators suggest caution — momentum is weak and price action lacks conviction. A bounce from ₹29,800 could offer a tactical entry, but upside may be limited unless volume and RSI improve. Watch for a breakout above ₹31,000 to confirm trend reversal.

Want to explore cement sector peers with stronger technical setups or compare SHREECEM’s fundamentals with its rivals? I’ve got you covered.

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