Technical and Sentimental analysis of SHREECEM share price on 19th May 2021

SHREECEM share price analysis

SHREECEM forms Bullish Engulfing candlestick pattern

The pattern appeared at the bottom of the downtrend. This indicates the stock likely to go up.
Accumulate

RSI indicates Neutral zone

RSI(14) value is 37.23, which is between 20, 80 and indicates Neutral zone. just hold your shares
Neutral

Recent brokerage reports

Broker Date Price on reported date Recommendation Target price Current price Target %Change Current %Change Possible %Change
Geojit BNP Paribas 2021/02/04 26722.85 Hold 28450 27690 6.46% 3.62% 2.74%
ICICI Securities Limited 2021/02/02 26432.55 Buy 31000 27690 17.28% 4.76% 11.95%
HDFC Securities 2021/02/01 24543.6 Sell 25500 27690 3.9% 12.82% -7.91%
Motilal Oswal 2021/01/31 26432.55 Neutral 24300 27690 -8.07% 4.76% -12.24%
Nirmal Bang Institutional 2021/01/31 24543.6 Accumulate 25631 27690 4.43% 12.82% -7.44%
Buy - 2 ...... Sell - 1 ..... Hold - 2 26976.2 27690 4.8% 7.76% -2.58%

Recent news

Date Description
2021-04-23 Shree Cements oxygen plants running to full capacity amid Covid crisis
2021-04-23 Shree Cement clarifies on buzz about Bangur sold its unlisted companys shares at steep discount
2021-04-23 Shree Cement trades lower for fourth straight day; stock down 9% in a week
2021-04-22 Shree Cement promoters under scanner for acquiring shares at steep discount
2021-04-21 Did Shree Cement promoters shortchange minority shareholders
2021-04-21 Shree Cement holding firms sales of unlisted shares raise eyebrows
2021-04-20 Low base aids ACC volumes in Q1, but covid may delay expansions
2021-04-14 Shree Cement Q4 PAT Seen Up 18.3% YoY To Rs 696 Cr: Sharekhan
2021-03-22 Shree Cement - Robust Growth Outlook: Axis Securities Initiates Coverage
2021-03-16 CARE reaffirms A1+ rating on Shree Cements Rs400cr commercial paper program
2021-03-15 Shree Cement commences commercial production at new Odisha Unit; Stock sheds 2%
2021-03-05 Isgec surges 5% after receiving order for Waste Heat Recovery Boilers from Shree Cement
2021-03-04 BRIEF-Isgec Heavy Engineering Gets Order From Shree Cement For Waste Heat Recovery Boilers
2021-02-24 Kolkatas iconic football club East Bengal and Shree Cement at loggerheads over agreed terms
2021-02-22 Buy Shree Cement: Target Of Rs 31,610: Sharekhan
2021-02-17 CARE reaffirms ratings on Shree Cements Rs400cr commercial paper
2021-02-17 Digital Journey: IBM helps enhance productivity at Shree Cements├»¿½plants
2021-02-11 IBM to help run Shree Cement database
2021-02-09 Buy Shree Cement; Target Of Rs 27000: Sharekhan
2021-02-09 IBM to run Shree Cement database

Summary

After analysing Technicals, Brokerage reports and News, we recommend
Hold

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