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(ShivaCement) Shiva Cement complete technical analysis [charts+indicators] | Buy/Sell Shiva Cement | (ShivaCement) share price targets

Complete technical analysis of Shiva Cement (ShivaCement) by charts plus indicators, forecast predictions and share price targets for Shiva Cement (ShivaCement)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Shiva Cement is 217899

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	51.11	50.80	51.29	50.30	0.144 times
01 Fri Mar 2024	50.73	50.79	51.90	50.25	0.706 times
29 Thu Feb 2024	50.54	50.20	50.90	50.00	0.65 times
28 Wed Feb 2024	50.05	51.31	51.85	49.50	1.262 times
27 Tue Feb 2024	51.57	52.00	52.00	51.40	0.651 times
26 Mon Feb 2024	51.96	52.39	52.75	51.50	0.719 times
23 Fri Feb 2024	52.39	53.00	53.38	52.20	0.783 times
22 Thu Feb 2024	53.14	53.03	53.80	52.50	0.871 times
21 Wed Feb 2024	53.45	52.09	55.45	51.51	2.203 times
20 Tue Feb 2024	52.09	52.88	52.88	51.66	0.73 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 50.9 as stoploss in an intra day buy trade for a target of 51.97. However, stock will show a bearish move below 50.9.

Share price targets for Shiva Cement (ShivaCement)

Target Type	Value
Downside Target	47.00
Downside Target	49.50
Upside Target	52.75
Upside Target	53.58
Upside Target	54.64
Upside Target	55.45
Upside Target	56.30
Upside Target	57.90
Upside Target	59.85
Upside Target	61.20

Intraday share price targets for Shiva Cement (ShivaCement)

Target Type	Value
Downside Intraday Target	49.49
Downside Intraday Target	47.87
Upside Intraday Target	52.74
Upside Intraday Target	54.37
Upside Intraday Target	51.12

Weekly technical analysis of Shiva Cement (ShivaCement)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	51.11	52.39	52.75	49.50	0.687 times
23 Fri Feb 2024	52.39	51.20	55.45	51.05	1.309 times
16 Fri Feb 2024	51.56	52.51	53.58	49.70	0.432 times
09 Fri Feb 2024	52.90	52.97	57.90	52.19	1.181 times
02 Fri Feb 2024	52.97	53.65	54.64	51.60	1.272 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shiva Cement (ShivaCement)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	51.11	50.79	51.90	50.25	0.03 times
29 Thu Feb 2024	50.54	53.14	57.90	49.50	0.609 times
31 Wed Jan 2024	52.87	53.88	61.20	50.90	1.549 times
29 Fri Dec 2023	53.19	54.00	59.85	47.00	1.521 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shiva Cement (ShivaCement)

Price action analysis of Shiva Cement ( (ShivaCement) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shiva Cement ( (ShivaCement) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shiva Cement ( (ShivaCement) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shiva Cement ( (ShivaCement) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shiva Cement stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shiva Cement in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shiva Cement Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shiva Cement in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Shiva Cement is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.98 and Shiva Cement (ShivaCement) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Shiva Cement (ShivaCement) stock. Volume based technical analysis of Shiva Cement (ShivaCement) stock is negative.

Shiva Cement Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.