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(SHREECEM) Shree Cements complete technical analysis [charts+indicators] | Buy/Sell Shree Cements | (SHREECEM) share price targets

Complete technical analysis of Shree Cements (SHREECEM) by charts plus indicators, forecast predictions and share price targets for Shree Cements (SHREECEM)

Shree Cements trades in NSE in Cement & Cement Products sector.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Shree Cements is 21861

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	26489.65	26300.65	26779.85	26300.65	0.65 times
22 Thu Feb 2024	26603.35	26345.05	26650.00	26207.40	0.847 times
21 Wed Feb 2024	26345.00	26690.00	26718.75	26224.00	1.094 times
20 Tue Feb 2024	26524.90	26750.00	26799.95	26412.50	0.932 times
19 Mon Feb 2024	26815.30	26426.00	26894.40	26258.35	1.056 times
16 Fri Feb 2024	26298.00	26540.00	26650.00	26251.50	1.252 times
15 Thu Feb 2024	26332.90	27144.90	27144.90	26250.00	0.984 times
14 Wed Feb 2024	26898.45	27100.00	27287.30	26777.00	1.025 times
13 Tue Feb 2024	27249.65	27299.95	27500.00	26993.85	0.874 times
12 Mon Feb 2024	27265.50	27630.10	27709.60	27162.00	0.78 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26486 as stoploss in an intra day buy trade for a target of 27378.83. However, stock will show a bearish move below 26486.

Share price targets for Shree Cements (SHREECEM)

Target Type	Value
Downside Target	25309.00
Downside Target	26207.40
Upside Target	27298.95
Upside Target	27709.60
Upside Target	27921.95
Upside Target	28249.50
Upside Target	28850.00
Upside Target	29000.05
Upside Target	29250.00
Upside Target	30737.75

Intraday share price targets for Shree Cements (SHREECEM)

Target Type	Value
Downside Intraday Target	26166.57
Downside Intraday Target	25843.48
Upside Intraday Target	26853.57
Upside Intraday Target	27217.48
Upside Intraday Target	26530.48

Weekly technical analysis of Shree Cements (SHREECEM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	26489.65	26426.00	26894.40	26207.40	0.932 times
16 Fri Feb 2024	26298.00	27630.10	27709.60	26250.00	0.52 times
09 Fri Feb 2024	27630.10	29000.00	29000.05	26699.20	0.561 times
02 Fri Feb 2024	28453.95	27998.75	30737.75	27921.95	2.504 times
25 Thu Jan 2024	27948.80	26799.00	28249.50	26558.65	0.88 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shree Cements (SHREECEM)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	26489.65	29500.00	30737.75	26207.40	0.976 times
31 Wed Jan 2024	28556.25	28750.00	28850.00	25650.00	1.808 times
29 Fri Dec 2023	28653.30	26839.95	29250.00	26625.00	0.827 times
30 Thu Nov 2023	26741.75	25772.30	26950.00	25326.15	0.984 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shree Cements (SHREECEM)

Price action analysis of Shree Cements ( (SHREECEM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shree Cements ( (SHREECEM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shree Cements ( (SHREECEM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shree Cements ( (SHREECEM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shree Cements stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shree Cements in short term and the sell signal is strong.

Shree Cements Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Shree Cements in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shree Cements is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26659.13 and Shree Cements (SHREECEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shree Cements (SHREECEM) stock. Volume based technical analysis of Shree Cements (SHREECEM) stock is negative.

Shree Cements Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.