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2022 Shree Cements (SHREECEM) technical analysis [forecast] stock price targets

Shree Cements technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Shree Cements deals in Cement & Cement Products Shree Cements option chain analysis

Date Close Open High Low Volume
27 Thu Jan 23961.80 24390.00 24390.00 23752.15 0.39 lakhs
25 Tue Jan 24497.50 24100.00 24671.95 23500.05 0.43 lakhs
24 Mon Jan 24320.90 25182.60 25289.95 24072.60 0.51 lakhs
21 Fri Jan 25037.20 25885.00 25885.00 24811.55 1.34 lakhs
20 Thu Jan 26072.35 26578.80 26713.00 25954.90 0.4 lakhs
SHREECEM chart

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 24110.6, for a target of 25359.8 or 26400.86

  • Daily Price action analysis of SHREECEM based on a short 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of SHREECEM based on a 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.

Intraday technical analysis of Shree Cements

Stock is trading at 24353.55 as on 28 Fri Jan 11:40

Day open is at 23943.90, day high is at 24457.35, day low is at 23943.90, and day volume is at 1.68 lakhs so far.

First 15 minute high low range is 23943.90 - 24280.00

First hour high low range is 23943.90 - 24457.35

Date Intraday Price Open High Low Volume
28 Fri Jan 11:40 24353.55 23943.90 24457.35 23943.90 8633
28 Fri Jan 11:35 24365.00 23943.90 24457.35 23943.90 8564
28 Fri Jan 11:30 24407.50 23943.90 24457.35 23943.90 8489
28 Fri Jan 11:25 24357.70 23943.90 24457.35 23943.90 8183
28 Fri Jan 11:20 24305.10 23943.90 24457.35 23943.90 7997
Intraday SHREECEM chart

Prices of Shree Cements are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Shree Cements (SHREECEM) intraday stock price targets

  • EntEntry: 24111.95 or 23964.025
  • Upside target: 24280
  • Downside target : 23607.8
  • Second Upside target: 24175.9
  • Second Downside target : 23538.05

Shree Cements (SHREECEM) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 23961.80 25182.60 23500.05
25289.95
1.325 lakhs
21 Fri Jan 25037.20 27005.00 24811.55
27936.75
3.137 lakhs
14 Fri Jan 27078.45 27000.00 26360.00
27283.70
1.461 lakhs
07 Fri Jan 27046.25 27000.00 26250.65
27349.85
1.211 lakhs
31 Fri Dec 26987.45 26160.20 25910.25
27323.85
1.076 lakhs
weekly SHREECEM chart

Weekly forecast of Shree Cements is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Shree Cements 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

Weekly Price action analysis of Shree Cements 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.

Shree Cements (SHREECEM) Monthly technical analysis

Date Monthly Close Open Range Volume
27 Thu Jan 23961.80 27000.00 23500.05
27936.75
7.134 lakhs
31 Fri Dec 26987.45 26350.00 25000.05
27323.85
6.083 lakhs
30 Tue Nov 26102.25 28800.00 25198.25
29818.90
6.346 lakhs
29 Fri Oct 28635.25 28800.30 26811.20
29425.25
6.828 lakhs
30 Thu Sep 28901.55 28296.00 27948.10
31469.95
12.258 lakhs
monthly SHREECEM chart

Monthly forecast of Shree Cements is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Shree Cements based on a short 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.

Monthly Price action analysis of Shree Cements based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Shree Cements Daily stock price targets

  • Upside daily target: 28382.18
  • Upside daily target: 26988.93
  • Upside daily target: 25634.58
  • Upside daily target: 24387.65

Shree Cements Weekly stock price targets

  • Upside weekly target: 27862.45
  • Upside weekly target: 26486.98
  • Upside weekly target: 25139.9
  • Downside weekly target: 23361.78

Shree Cements Monthly stock price targets

  • Upside monthly target: 31946.68
  • Upside monthly target: 29979.25
  • Upside monthly target: 28505.73
  • Upside monthly target: 27044
  • Upside monthly target: 25739.4
  • Downside monthly target: 23339.93
  • Downside monthly target: 21512.58

Shree Cements (SHREECEM) indicators technical analysis

Price action analysis of Shree Cements (SHREECEM) based on a short 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 Strong 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shree Cements in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 25687.05 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.

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chart SHREECEM