Shree Cements support is at Rs.10,000 and resistance is placed at Rs.11,500 levels.

 In August 2013, the stock took support at Rs.3,412 and resumed its long-term uptrend.

Within this trend, the stock began to consolidate sideways from February 2015 in the broad range between Rs.10,000 and Rs.12,000. The stock recently recorded a new high at Rs.12,388 but fell back into the sideways range. Now, it is heading towards the lower boundary of the range.

A decisive fall below Rs.10,000 will change the trend from sideways to drag the stock down to Rs.9,000 and then to Rs.8,000 in the medium term. Conversely, a strong rally above the upper boundary at the level of Rs.12,000 can take the stock higher to Rs.13,000 in the medium term.

Investors sitting on profits can consider booking some on a fall below Rs.10,000 and holding with a stop-loss at Rs.7,800 levels. Immediate support is at Rs.10,000 and resistance is placed at Rs.11,500 levels.