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SHRIRAMFIN

Shriram Finance Ltd - Breakout Setup, Move is ON...#SHRIRAMFIN trading above Resistance of 3562 Next Resistance is at 4760 Support is at 2635 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHRIRAMFINLong
by MandeepSinghKohli
#LONG on SHRIRAM FINANCE for LONG TERM; 25 Year High + BreakoutThe scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line on 24th Jan'24. It formed a large bullish candle on a monthly time frame returning 16% in JAN'23 and nearly 99.5% in last 12 months. The Stock rose nearly 3.30% today hitting an ATH of 2442 which is also a 25-Year High. Stop Loss: as per risk appetite. Potential:69% to 138% Time period: 1-3 years (It's a long term bet)
NSE:SHRIRAMFINLong
by finvestar
Shriram Finance : Technical Analysis Suggests Bullish TrendNSE:SHRIRAMFIN The stock of Shriram Finance Company is currently trading above the 20-day exponential moving average (EMA), the 50-day EMA, and the relative strength index (RSI) is near 60. The stock has also re-entered the channel that it was trading in before the recent correction. This suggests that the stock is in a bullish trend and could continue to rise. The Elliott wave theory suggests that the stock is currently in wave 5 of a larger uptrend. Wave 5 is typically the longest and most powerful wave of a trend, so it is possible that the stock could rise significantly from here. The lookalike correction wave ABC is also complete, which is another bullish signal. The triangle breakout is also a bullish signal, as it suggests that the stock is breaking out of a period of consolidation and is ready to resume its uptrend. Overall, the technical analysis of Shriram Finance Company is bullish. The stock is trading above key moving averages, the RSI is near 60, and the stock has re-entered the channel that it was trading in before the recent correction. The Elliott wave theory also suggests that the stock is in wave 5 of a larger uptrend. However, it is important to remember that technical analysis is not always accurate. There is always the possibility that the stock could go against the technical analysis and decline. Therefore, it is important to do your own research and to only invest money that you can afford to lose. Target price: 1487 Invalid level: 1316 Risk warning: Please buy at your own risk. Happy trading.
NSE:SHRIRAMFINLong
by Ajay7871