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Technicals for Shriram Finance Limited
By MusingTheNews
2026-02-03 20:55
Overall Technical outlook
Price Summary
2026-02-03, saw SHRIRAMFIN's stock open at 1013.0, hit a peak of 1041.5, fall to a low of 997.2, and close lower -1.24% at 1000.4, with 9879773 shares changing hands. During the 52-week span, the stock hit a high of 1022.8 and a low of 538.55. According to 30 analysts, the price of SHRIRAMFIN in the future is projected to be between 700.0 and 1325.0, with an average expected price of 1086.0.
Technicals
Support and Resistance: The price of 1000.4 is supported at 975.4 and encounters resistance at 1019.7. This suggests key levels where the price might find stability, with 975.4 providing a base and 1019.7 acting as an upper boundary for SHRIRAMFIN. Support/Resistance for SHRIRAMFIN
Aroon: The bullish trend indicated by Aroon persists, with Aroon Up holding at the 100 level for SHRIRAMFIN. This shows strong upward momentum, but further analysis using additional indicators is necessary to determine the trend's sustainability and future potential. Aroon chart for Shriram Finance Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Shriram Finance Limited
Parabolic SAR: The PSAR has just shifted from bearish to bullish, indicating a potential trend reversal. If this move is confirmed by other indicators, it could signal a strong bullish trend. Traders should monitor this development closely, especially if other market signals align with this bullish reversal for Shriram Finance Limited. Parabolic Stop and Reverse chart for Shriram Finance Limited
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Stochastic chart for Shriram Finance Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Tripple SMA chart for Shriram Finance Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
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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