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SHREECEM, Weekly Chart Technical Outlook

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SHREE CEMENT LTD (NSE:SHREECEM)  
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NSE:SHREECEM   SHREE CEMENT LTD
Trend Analysis Chart Patterns Technical Indicators shorttrade downtrend Moving Averages guppy gmma cementstock positionaltrade
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trendanalysis chartpattern indicator shorttrade downtrend movingaverage guppy gmma cementstock positionaltrade
A strong bearish piercing candle formed in the compression zone.
The candle gives a strong breakdown of the bands.
Trend is negative with medium strength.
The probability of down move of 7% is more than 60%

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

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