SHRIRAMFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Shriram Finance Ltd. (SHRIRAMFIN)

📊 Trend Analysis

Current Trend: The stock is in a mild uptrend, trading slightly above both its 50 DMA and 200 DMA, which are aligned at ₹622 — indicating a strong support base.

Momentum: Moderately bullish. RSI at 56.4 and MACD at 0.57 suggest upward bias, but not aggressive momentum.

📈 Moving Averages

50 DMA: ₹622

200 DMA: ₹622

Current Price: ₹627

Interpretation: Price is above both averages, confirming a bullish undertone. The convergence of 50 and 200 DMA forms a solid support zone, ideal for accumulation.

📉 MACD & RSI

MACD: Slightly positive, indicating early bullish momentum.

RSI: Neutral-to-bullish at 56.4 — no overbought signal, but room for upside.

Conclusion: Momentum indicators support a buy-on-dips strategy, with breakout potential above ₹640.

📊 Volume Trends

Current Volume: 48 lakh

1-Week Avg Volume: 59 lakh

Interpretation: Slight dip in volume, suggesting reduced participation. Watch for volume surge near resistance for breakout confirmation.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹640–₹650 with volume would confirm bullish continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 622 50/200 DMA, strong base

Support 2 600 Psychological support

Resistance 1 640 Near-term resistance zone

Resistance 2 685–730 Major resistance zone (52w high)

🎯 Entry & Exit Zones

Optimal Entry: ₹622–₹630 (on pullback with confirmation)

Exit Zone: ₹685–₹730 (partial profit booking near resistance)

🔍 Summary

Trend: Mild uptrend with short-term consolidation

Momentum: Neutral to slightly bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹622–₹630 with targets around ₹685–₹730. Monitor RSI and MACD for breakout confirmation.

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