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Technicals for Shriram Finance Limited
By MusingTheNews
2025-09-05 20:42
Overall Technical outlook
Price Summary
On 2025-09-05, Shriram Finance Limited's stock opened at 589.0, spiked to 596.0, declined to 585.6, and closed 0.59% higher at 592.5, with 4166693 shares traded. Throughout the 52-week period, the stock hit a high of 3628.45 and a low of 511.65. The price projection is between 578.0 and 850.0, with an average expected price around 721.8125, according to 32 analysts.
Technicals
Support and Resistance: The current price of 592.5 is supported at 580.25, with resistance at 604.2. This suggests that the price for SHRIRAMFIN might remain between these levels, where 580.25 acts as a floor and 604.2 as a ceiling in the market. Support/Resistance for SHRIRAMFIN
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for Shriram Finance Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for SHRIRAMFIN. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Shriram Finance Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for SHRIRAMFIN. Parabolic Stop and Reverse chart for Shriram Finance Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Shriram Finance Limited
Tripple Moving Agerage: The 20-50-100 period moving averages are aligned in a bullish formation for Shriram Finance Limited, though caution is advised as the slopes of the shorter-term averages indicate a possible reversal ahead. While the trend remains upward, the weakening momentum in the faster-moving averages suggests that a shift in direction could be on the horizon. Tripple SMA chart for Shriram Finance Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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