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Technicals for Shree Cement Limited
By MusingTheNews
2025-04-25 20:53
Overall Technical outlook
Price Summary
Shree Cement Limited's stock, on 2025-04-25 opened at 30990.0, climbed to a high of 30990.0, dropped to a low of 29955.0, and closed up -1.45% at 30540.0, with 26946 shares traded. The stock's highest price in the past 52 weeks is 31155.0, while its lowest price during the same period is 23935.05. The price projection is between 18000.0 and 34000.0, with an average expected price around 27755.05, according to 39 analysts.
Technicals
Support and Resistance: The price for SHREECEM is 30540.0, with support at 30502.95 and resistance at 30502.95. This suggests a range where 30502.95 acts as a base, preventing declines, and 30502.95 caps gains, defining key trading levels. Support/Resistance for SHREECEM
Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Aroon chart for Shree Cement Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for SHREECEM. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Shree Cement Limited
Parabolic SAR: The PSAR has just shifted from bullish to bearish, hinting at a potential market decline. If this reversal is supported by other trends, it could be a very bearish signal for SHREECEM. Investors should be vigilant and seek further confirmation before taking action. Parabolic Stop and Reverse chart for Shree Cement Limited
Stochastic: The current state of the STOCHASTIC is neutral for SHREECEM, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Stochastic chart for Shree Cement Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move. Tripple SMA chart for Shree Cement Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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