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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)

Showing technical analysis as on 2024-02-12 View latest technical analysis

10 day averaged volume of Shriram Finance is 1575665

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	2262.25	2335.00	2352.95	2254.85	0.361 times
09 Fri Feb 2024	2334.10	2347.95	2354.05	2291.50	0.368 times
08 Thu Feb 2024	2347.95	2425.00	2425.00	2340.80	0.562 times
07 Wed Feb 2024	2413.65	2397.95	2459.15	2396.45	0.664 times
06 Tue Feb 2024	2396.45	2360.00	2403.90	2323.65	0.953 times
05 Mon Feb 2024	2357.10	2419.00	2432.40	2347.20	0.253 times
02 Fri Feb 2024	2405.50	2397.50	2421.15	2385.60	0.559 times
01 Thu Feb 2024	2397.20	2411.00	2438.95	2388.60	1.346 times
31 Wed Jan 2024	2466.80	2450.00	2479.60	2400.50	1.215 times
30 Tue Jan 2024	2452.95	2409.00	2496.55	2409.00	1.807 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2283.6, but if it comes above 2283.6, then a intra day buy could be more profitable.
If you take a sell trade below 2283.6, then use 2283.6 as stoploss and 2209.5 as target. However if you take a buy trade in stock , then use 2283.6 as stoploss and 2345.28 as target.

Share price targets for Shriram Finance (SHRIRAMFIN)

Target Type	Value
Downside Target	1760.85
Downside Target	1876.15
Downside Target	1972.00
Downside Target	2016.00
Downside Target	2130.00
Downside Target	2196.55
Downside Target	2254.85
Upside Target	2352.95
Upside Target	2459.15
Upside Target	2496.55

Intraday share price targets for Shriram Finance (SHRIRAMFIN)

Target Type	Value
Downside Intraday Target	2227.08
Downside Intraday Target	2191.92
Upside Intraday Target	2325.18
Upside Intraday Target	2388.12
Upside Intraday Target	2290.02

Weekly technical analysis of Shriram Finance (SHRIRAMFIN)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	2262.25	2335.00	2352.95	2254.85	0.129 times
09 Fri Feb 2024	2334.10	2419.00	2459.15	2291.50	0.389 times
02 Fri Feb 2024	2405.50	2432.00	2496.55	2302.15	2.239 times
25 Thu Jan 2024	2307.15	2330.00	2352.95	2209.55	0.907 times
19 Fri Jan 2024	2301.85	2303.10	2334.95	2196.55	0.792 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
12 Mon Feb 2024	2262.25	2411.00	2459.15	2254.85	0.25 times
31 Wed Jan 2024	2466.80	2055.55	2496.55	2016.00	1.193 times
29 Fri Dec 2023	2053.30	2014.00	2130.00	1972.00	1.436 times
30 Thu Nov 2023	2007.20	1884.00	2051.00	1876.15	0.688 times

Scroll below to view daily charts

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)

Price action analysis of Shriram Finance ( (SHRIRAMFIN) ) based on a short 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 short to mid 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 mid to longer 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.

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

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

Shriram Finance Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 2408.37 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 positive

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