Shriram Finance Stock has been appreciating Since Mid-January. Last Week, it broke out of trendline resistance at ₹ 575. On Chiursday, It Surpassed Another Barrier at ₹ 590. Consequently, the stock has been formed a higher high and it can be seen as a strong indication of a bullish trend revered. Although there might be some softening in price, probally to ₹ 590, the stock will eventually rally rally.
Video Credit: Businessline
The chart sugges a near-term target of ₹ 680. Therefore, participants looking for short-term options can go long on shriram finance at ₹ 607 and Accumulate on Dips to ₹ 590. Initial Stop-Loss Can Be at ₹ 560. Raise it to ₹ 600 when the stock reaches ₹ 640, then to ₹ 630 at ₹ 660. Book Profits at ₹ 680.
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on February 28, 2025