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Stock analysis Shree Cements Limited SHREECEM

More indepth analysis on MunafaSutra.com

Moving Averages for Shree Cements Limited

  • 5Day Average: 24660.85
  • 12Day Average: 24508.03
  • 20Day Average: 25025.81
  • 50Day Average: 25382.82
  • 100Day Average: 26581.24
  • 150Day Average: 26449.69
  • 200Day Average: 25970.75

SHREECEM Indicators & signals

Indicator MACD (12,26,9)

24779.65, 25033.01, -334.41
Indicator MACD is in negative zone

Indicator ADX (14)

15.65, 27.43, 20.01
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHREECEM Shree Cements Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 25746.55 24927.90 to 25895.80 3.7% 5.61 times
02 Thu May 2024 24827.20 24472.15 to 25372.55 1.56% 2.48 times
30 Tue Apr 2024 24444.85 24175.00 to 25024.95 1.24% 1.88 times
29 Mon Apr 2024 24145.15 24050.00 to 24295.90 0.02% 0.64 times
26 Fri Apr 2024 24140.50 23951.00 to 24295.00 0.7% 0.4 times
25 Thu Apr 2024 23971.60 23780.00 to 24500.00 -1.63% 1.22 times
24 Wed Apr 2024 24369.15 24300.00 to 24597.90 -0.04% 0.44 times
23 Tue Apr 2024 24377.75 24300.00 to 24570.00 -0.08% 0.48 times
22 Mon Apr 2024 24396.40 24356.85 to 24675.00 0.11% 0.65 times
19 Fri Apr 2024 24368.75 23984.05 to 24532.45 -0.23% 0.9 times
18 Thu Apr 2024 24425.85 24367.00 to 25099.00 -1.84% 0.91 times
16 Tue Apr 2024 24882.55 24798.55 to 25248.20 -1.64% 0.33 times

Technical analysis forecast of Shree Cements Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shree Cements Limited SHREECEM at this time. Stock is rising and might rise more.

It appears as if Shree Cements Limited SHREECEM gave a large move recently.

Stock of Shree Cements Limited (SHREECEM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Shree Cements Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shree Cements Limited stays above 25667.2, but if it comes below 25667.2, then a intra day sell could be more profitable.
If you take a sell trade below 25667.2, then use 25667.2 as stoploss and 24918.26 as target. However if you take a buy trade in Shree Cements Limited, then use 25667.2 as stoploss and 26565.9 as target.

More indepth analysis on MunafaSutra.com