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Stock analysis Shriram Finance Limited SHRIRAMFIN

More indepth analysis on MunafaSutra.com

Moving Averages for Shriram Finance Limited

  • 5Day Average: 2903.09
  • 12Day Average: 3012.63
  • 20Day Average: 3054.96
  • 50Day Average: 3075.22
  • 100Day Average: 3181.23
  • 150Day Average: 3039.44
  • 200Day Average: 2883.22

SHRIRAMFIN Indicators & signals

Indicator MACD (12,26,9)

2971.66, 3021.77, -29.21
Indicator MACD is in negative zone

Indicator ADX (14)

30.1, 14.42, 26.85
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHRIRAMFIN Shriram Finance Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 2926.90 2871.15 to 2935.95 1.52% 0.68 times
24 Tue Dec 2024 2882.95 2855.10 to 2897.60 0% 0.31 times
23 Mon Dec 2024 2882.90 2872.80 to 2954.00 0.2% 0.71 times
20 Fri Dec 2024 2877.25 2843.65 to 2960.70 -2.32% 1.9 times
19 Thu Dec 2024 2945.45 2853.30 to 2952.50 0.48% 1.12 times
18 Wed Dec 2024 2931.40 2908.85 to 3033.00 0% 1.13 times
18 Wed Dec 2024 2931.40 2908.85 to 3033.00 -1.53% 1.13 times
17 Tue Dec 2024 2976.90 2965.25 to 3135.00 -5.12% 1.58 times
16 Mon Dec 2024 3137.45 3127.00 to 3197.00 -0.79% 0.45 times
13 Fri Dec 2024 3162.55 3117.60 to 3254.65 -2.63% 0.91 times
12 Thu Dec 2024 3248.10 3221.55 to 3265.00 -0% 0.77 times
11 Wed Dec 2024 3248.25 3178.00 to 3267.60 1.94% 1.11 times

Technical analysis forecast for Shriram Finance Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shriram Finance Limited SHRIRAMFIN at this time. Stock is falling and might fall more.

It appears as if Shriram Finance Limited SHRIRAMFIN gave a large move recently.

Stock of Shriram Finance Limited (SHRIRAMFIN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Shriram Finance Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2882.4 as stoploss in an intra day buy trade for a target of 3004.47. However, stock will show a bearish move below 2882.4.

More indepth analysis on MunafaSutra.com