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