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Technicals for Shriram Finance Limited
By MusingTheNews
2025-04-25 20:54
Overall Technical outlook
Price Summary
Shriram Finance Limited's stock saw a -6.25% collapse, showcasing an unimpressive market day. On 2025-04-25, Shriram Finance Limited's stock began at 698.9, peaked at 705.6, bottomed at 635.0, and closed -6.25% down at 655.2, with a volume of 9728714 shares. The stock's highest price over the 52-week span is 3628.45, while the lowest price is 511.65. 33 analysts predict that the future price of SHRIRAMFIN will be in the range of 530.0 to 810.0, with a mean expected price of about 720.3151.
Technicals
Support and Resistance: The current price for SHRIRAMFIN is 655.2, supported at 631.11 with resistance at 2822.6. This indicates a trading range where 631.11 might prevent further declines, while 2822.6 could hinder additional gains. Support/Resistance for SHRIRAMFIN
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Shriram Finance Limited
Bol. Bands: The current state of the BOLL BANDS 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. Bolinger Bands chart for Shriram Finance Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Shriram Finance Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Shriram Finance Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move. 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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