Shree Cement shares have fallen by around 10% from their February highs and may see further downside if they fail to hold onto the 200-day moving average support, according to analysts. The stock, which hit a high of INR27,013 ($402) on 21 February, is displaying bearish signs as it trades below 5-, 10-, 30- and 50-day moving averages but above the 200-day and 20-day counterparts. Shree Cement may be a short-term sell opportunity at INR24,300, with a stop loss of INR24,900 and a target of INR23,200, suggests Emkay’s Kapil Shah.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 21, according to stockedge.com’s technical scan data.
July 22, 2025