SHRIRAMFIN 1 Month Time Frame

📊 1-Month Timeframe Levels — Shriram Finance (NSE: SHRIRAMFIN)

🔺 Resistance Levels (Upside targets)
1. R1: ~₹1,064 – ₹1,065
2. R2: ~₹1,070 – ₹1,071
3. R3: ~₹1,081 – ₹1,089
These near-term resistance levels show where sellers may appear on rallies and where price might struggle initially before accelerating higher.

🔻 Support Levels (Downside buoy zones)
1. S1: ~₹1,045 – ₹1,046
2. S2: ~₹1,034 – ₹1,035
3. S3: ~₹1,028 – ₹1,027
These are key zones where buyers may step in on pullbacks — if these break decisively, price weakness could extend further.

📍 Current Context

• Pivot level: ~₹1,052 – ₹1,053 — the neutral balance point for this short-term time frame. Trading above this generally suggests positive near-term swing bias; below it suggests caution.
• Moving averages: Price is above key shorter MA’s (20/50 day), indicating short-term momentum remains constructive.
• RSI / indicators: Near neutral-to-bullish range, suggesting strength but not extreme overbought yet.

👉 Important: These levels are technical interpretations drawn from recent pivot calculations and typical support/resistance measures — market prices can move outside these zones due to news, volume spikes, or broader market shifts.