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(SHRIRAMFIN) Shriram Finance complete technical analysis [charts+indicators] | Buy/Sell Shriram Finance | (SHRIRAMFIN) share price targets

Complete technical analysis of Shriram Finance (SHRIRAMFIN) by charts plus indicators, forecast predictions and share price targets for Shriram Finance (SHRIRAMFIN)

10 day averaged volume of Shriram Finance is 1299956

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 2336.75 2373.25 2379.85 2332.10 0.533 times
21 Tue May 2024 2373.25 2370.00 2389.50 2348.65 0.605 times
20 Mon May 2024 2370.45 2379.80 2394.90 2355.05 0.046 times
17 Fri May 2024 2371.60 2344.00 2386.65 2321.00 0.728 times
16 Thu May 2024 2338.70 2337.00 2345.80 2265.00 1.915 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2337.2, but if it comes above 2337.2, then a intra day buy could be more profitable.
If you take a sell trade below 2337.2, then use 2337.2 as stoploss and 2226.1 as target. However if you take a buy trade in stock , then use 2337.2 as stoploss and 2429.78 as target.

Share price targets for Shriram Finance (SHRIRAMFIN)

Target Type Value
Downside Target 2016.00
Downside Target 2235.25
Downside Target 2325.10
Upside Target 2394.90
Upside Target 2496.55
Upside Target 2499.90
Upside Target 2535.00
Upside Target 2536.95
Upside Target 2605.65
Upside Target 2608.95
Upside Target 2658.00

Intraday share price targets for Shriram Finance (SHRIRAMFIN)

Target Type Value
Downside Intraday Target 2314.27
Downside Intraday Target 2291.78
Upside Intraday Target 2377.07
Upside Intraday Target 2417.38
Upside Intraday Target 2354.58

Weekly technical analysis of Shriram Finance (SHRIRAMFIN)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 2336.75 2379.80 2394.90 2332.10 0.182 times
17 Fri May 2024 2371.60 2345.00 2417.85 2265.00 1.221 times
10 Fri May 2024 2344.35 2600.00 2608.95 2331.10 0.819 times
03 Fri May 2024 2588.55 2569.95 2658.00 2430.25 0.84 times
26 Fri Apr 2024 2498.60 2390.00 2536.95 2337.00 2.466 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shriram Finance (SHRIRAMFIN)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 2336.75 2546.55 2658.00 2265.00 0.711 times
30 Tue Apr 2024 2551.70 2371.00 2605.65 2325.10 0.703 times
28 Thu Mar 2024 2359.80 2469.50 2499.90 2251.00 1.443 times
29 Thu Feb 2024 2438.60 2411.00 2535.00 2235.25 0.88 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shriram Finance (SHRIRAMFIN)

Indicator Name Indicator Value Indicator Signal
ADX 18, 27, 21 Sell
MACD -39, -27Sell
Stochastics 39None
CCI -6Sell
RSI 47Sell
OBV 9526882Sell
VWAP 2338Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Shriram Finance ( (SHRIRAMFIN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shriram Finance ( (SHRIRAMFIN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shriram Finance ( (SHRIRAMFIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shriram Finance ( (SHRIRAMFIN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shriram Finance stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shriram Finance in short term and the sell signal is strong.

Shriram Finance Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shriram Finance in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shriram Finance is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2338 and Shriram Finance (SHRIRAMFIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shriram Finance (SHRIRAMFIN) stock. Volume based technical analysis of Shriram Finance (SHRIRAMFIN) stock is negative.

Shriram Finance Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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