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Stock analysis Shriram Finance Limited SHRIRAMFIN

More indepth analysis on MunafaSutra.com

Moving Averages for Shriram Finance Limited

  • 5Day Average: 2856.11
  • 12Day Average: 3000.5
  • 20Day Average: 3082.29
  • 50Day Average: 3285.91
  • 100Day Average: 3131.9
  • 150Day Average: 2934.18
  • 200Day Average: 2802.06

SHRIRAMFIN Indicators & signals

Indicator MACD (12,26,9)

2972.1, 3095.72, -94.57
Indicator MACD is in negative zone

Indicator ADX (14)

65.53, 7.52, 36.11
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
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
19 Tue Nov 2024 2824.75 2801.70 to 2866.00 -0.82% 1.09 times
18 Mon Nov 2024 2848.15 2800.00 to 2866.80 0.91% 0.88 times
14 Thu Nov 2024 2822.60 2783.00 to 2867.00 -1.1% 1.31 times
13 Wed Nov 2024 2853.85 2839.25 to 2930.50 -2.64% 1.23 times
12 Tue Nov 2024 2931.20 2922.65 to 3025.35 -2.28% 0.99 times
11 Mon Nov 2024 2999.45 2957.80 to 3057.05 -0.28% 0.75 times
08 Fri Nov 2024 3007.95 2997.05 to 3085.00 -2.03% 0.7 times
07 Thu Nov 2024 3070.15 3058.00 to 3193.90 -3.66% 1.07 times
06 Wed Nov 2024 3186.70 3136.30 to 3200.00 0.77% 0.78 times
05 Tue Nov 2024 3162.30 3055.00 to 3176.00 0.46% 1.39 times
04 Mon Nov 2024 3147.90 3108.95 to 3169.65 -0.1% 0.88 times
01 Fri Nov 2024 3150.95 3140.00 to 3164.00 0.38% 0.05 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 trade for tomorrow is selective. Take a sell trade only if Shriram Finance Limited stays below 2903.6, but if it comes above 2903.6, then a intra day buy could be more profitable.
If you take a sell trade below 2903.6, then use 2903.6 as stoploss and 2723.4 as target. However if you take a buy trade in Shriram Finance Limited, then use 2903.6 as stoploss and 3053.75 as target.

More indepth analysis on MunafaSutra.com