Shemaroo Entertainment (NSE: SHEMAROO) is showing strong bullish momentum and has recovered sharply from ₹88 levels to ₹126.84. The stock is now testing the 200-Day Moving Average resistance.
📊 Technical Analysis:
• Trading near long-term 200-DMA (trend decider)
• RSI is strong but not overbought yet
• Volume increasing — suggests accumulation
🔹 Key Levels:
• Resistance: ₹128–₹132
• Breakout Above: ₹132
• Support Zone: ₹118–₹120
🎯 Targets post-breakout:
• Target 1: ₹145
• Target 2: ₹160
🚫 Stoploss: ₹117
⸻
⚠️ Disclaimer:
This is not investment advice. I am not a SEBI-registered advisor. This analysis is shared only for educational and informational purposes. Please consult your financial advisor before making any investment.
📊 Technical Analysis:
• Trading near long-term 200-DMA (trend decider)
• RSI is strong but not overbought yet
• Volume increasing — suggests accumulation
🔹 Key Levels:
• Resistance: ₹128–₹132
• Breakout Above: ₹132
• Support Zone: ₹118–₹120
🎯 Targets post-breakout:
• Target 1: ₹145
• Target 2: ₹160
🚫 Stoploss: ₹117
⸻
⚠️ Disclaimer:
This is not investment advice. I am not a SEBI-registered advisor. This analysis is shared only for educational and informational purposes. Please consult your financial advisor before making any investment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.