SHRIRAMFIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of Shriram Finance Ltd. (SHRIRAMFIN) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Consolidating with Bearish Bias

Price is below the 50-DMA (₹659) but above the 200-DMA (₹626) — indicating short-term weakness but long-term support.

RSI (43.5): Weak momentum, leaning bearish.

MACD (-10.5): Negative and diverging — confirms bearish momentum.

Volume: Below 1-week average — suggests low conviction in current price action.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA → short-term downtrend.

Price > 200-DMA → long-term trend still intact.

Bollinger Bands

Price near lower band — oversold territory, but no breakout signal.

Support Levels

₹626 (200-DMA)

₹610 – ₹615 (historical support zone)

₹593 – ₹600 (trendline support)

Resistance Levels

₹659 (50-DMA)

₹675 – ₹685 (recent swing highs)

₹730 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bearish to Neutral

RSI < 50 and MACD negative — weak momentum.

No bullish divergence or reversal pattern visible.

Stochastic & MFI: Oversold conditions emerging — potential for bounce.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹620 – ₹630 Near 200-DMA and support zone

Exit Target ₹659 – ₹675 Resistance at 50-DMA and swing highs

Stop Loss ₹610 Below key support and trendline

🧠 Summary

SHRIRAMFIN is in a consolidation phase with a bearish tilt. Technical indicators suggest weak momentum and cautious sentiment. A tactical bounce from ₹620–₹630 may offer short-term opportunity, but upside is capped unless price breaks above ₹675 with volume confirmation. Traders should remain watchful for a trend reversal signal before taking aggressive positions.

Want to compare this setup with other NBFCs or explore sector-wide momentum trends? I’ve got plenty of insights to share.

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