RK_Charts

Shree Cement (Only RSI above 40 in hourly can save bulls)

NSE:SHREECEM   SHREE CEMENT LTD
Shree cement is forming head and shoulders pattern in daily time frame, if it breaks down neckline then it can show more down fall, and above neckline if it survive with rsi above 40 in hourly time frame, then only it can go for further up moves towards blue resistance line, between black neckline and blue resistance line it could be a sideways, and breakout above blue resistance line only can allow bulls to take charge.

Head and Shoulder Pattern in daily time frame
Black Neckline and Blue Resistance line
Key Levels in hourly
Lower key levels
Upper key levels
Daily MACD Negative Crossover and downtick
Weekly MACD Negative Crossover and downtick
Hourly MACD is Uptick and positive crossover

Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Comment: 27050 TO 28400 :)

Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!