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Technicals for Shree Cement Limited
By MusingTheNews
2025-07-16 20:53
Overall Technical outlook
Price Summary
2025-07-15, saw SHREECEM's stock open at 31150.0, hit a peak of 31195.0, fall to a low of 30830.0, and close down -0.22% at 31080.0, with 13064 shares changing hands. The stock reached its highest price of 31640.0 and lowest price of 23935.05 over the last 52 weeks. The expected price range is between 19550.0 and 35600.0, with a mean anticipated price of 30144.125, according to 40 analysts.
Technicals
Support and Resistance: At 31080.0, the price is supported by 30502.95 and resisted by 31400.0. This indicates that the price for Shree Cement Limited might fluctuate between these levels, with 30502.95 acting as a support and 31400.0 limiting further upward movement. Support/Resistance for SHREECEM
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Shree Cement Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Shree Cement Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Shree Cement Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. 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 wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter. Tripple SMA chart for Shree Cement Limited
To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.
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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