Shree Cement Ltd – Fundamental & Technical View

Fundamentals (Recent Update) Shree Cement’s recent quarterly performance reflected near-term margin pressure, driven by softer cement prices and elevated input costs. However, volumes improved sequentially, supported by infrastructure activity and gradual recovery in housing demand. Management remains focused on cost efficiency, fuel mix optimization, and ongoing capacity expansion, which keeps the long-term growth outlook intact, despite short-term earnings volatility. Technical Analysis (Daily Chart – As Shared) Technically, Shree Cement is showing early signs of reversal and strength: Price has taken a rebound from the 50-day SMA, indicating strong buying interest at lower levels. However, price is still below the 200-day SMA, placed near ₹29,250, which remains a crucial medium-term hurdle. RSI is hovering above 60, signaling improving bullish momentum without overbought conditions. MACD is above the zero line, confirming a positive momentum shift. Fibonacci retracement levels are well respected, with price holding above key retracement zones, suggesting a structurally sound pullback and recovery setup. Overall, momentum indicators are aligning positively, while a move above the 200 SMA would further strengthen the trend. Trading View Buy Above: ₹28,085 Target 1: ₹28,920 Target 2: ₹29,750 Stop Loss: ₹27,040 A sustained move above ₹28,085 could lead to a gradual move towards the 200 SMA zone, followed by extension towards ₹29,750.