Shriram Finance Breakout: Can It Hit ₹750? Key Insights Inside
Shriram Finance Stock Breakout Analysis — 2025's Potential Multibagger?
Smart investors are eyeing Shriram Finance after a powerful breakout from a long-term downtrend. But is it the right time to enter? Let’s break down the complete technical setup and answer all your questions.
Key Technical Indicators
1. True Strength Index (TSI):
Currently bullish, indicating strong positive momentum. This shows institutional buying pressure and sustained trend strength.
2. Relative Strength Index (RSI):
RSI is at 70.88 — overbought zone. This suggests waiting for a small pullback to around ₹650–₹660 for an ideal entry.
3. Golden Cross Confirmation:
The 50 EMA has crossed above the 200 EMA. This classic golden cross signals a long-term bullish trend and potential for big upside moves.
4. Volume Divergence Observation:
After breaking the downtrend line, price is going up but volume is slightly declining. This indicates cautious participation. A price retest around ₹650 with renewed volume would be the strongest confirmation.
Fibonacci Levels & Targets
First target: ₹700
Extended targets: ₹735–₹740
Stop loss: ₹640
Recent Catalyst
Stock Performance: In the last month alone, the stock has gained 13.7%. Clearly, smart money is entering.
Entry Strategy
- Wait for retracement to ₹650–₹660
- Enter in staggered lots
- Stoploss below ₹640
- Target ₹700 – ₹740
⚠ Caution: If price breaks below 200 EMA (₹575 zone), exit immediately.
FAQs:
Q1: Why is the volume going down while price is up?
It’s a sign of cautious buying. If volume spikes again near ₹650 support, it will confirm strong upside.
Q2: Can I buy now at ₹670+ levels?
You can, but the safer bet is to wait for a pullback to ₹650–₹660.
Q3: Is this a good long-term hold?
Post golden cross and rating upgrade, yes. But keep trailing stoploss.
Q4: Will it cross ₹750?
If ₹700 breaks with volume, ₹750 is very much achievable based on Fibonacci extension.
Don’t miss more breakout stock picks! Follow ‘DalalStreet Insider’ and turn on notifications for daily profitable setups.
Want detailed intraday strategies & multibagger stock alerts? Visit: dalalstreetinsider.blogspot.com
Statutory Warning:
Stock market investments are subject to market risks. Always consult with your financial advisor. This blog is for educational purposes only. The author is not responsible for any losses. Trade responsibly.
Comments
Post a Comment