The chart is a daily candlestick chart of Shriram Finance (SHRIRAMFIN) traded on the NSE, with the date shown as May 30, 2025.
Here’s a summary of the analysis presented in the chart:
---
Technical Highlights:
Current Price: ₹639.50
Trend: The price is currently in a downward correction phase.
Support Level: Marked clearly at ₹589.25 — this is the target level indicated by the analyst.
Expectation: The chart suggests a bullish reversal (bounce) from the ₹589.25 level, as illustrated by the curved arrow.
Moving Average: A short-term moving average (possibly 10 or 20-day) is shown, with the price hovering just below it — indicating potential short-term weakness.
High/Low Reference:
Recent High: ₹717.50
Recent Low: ₹508.60
Here’s a summary of the analysis presented in the chart:
---
Technical Highlights:
Current Price: ₹639.50
Trend: The price is currently in a downward correction phase.
Support Level: Marked clearly at ₹589.25 — this is the target level indicated by the analyst.
Expectation: The chart suggests a bullish reversal (bounce) from the ₹589.25 level, as illustrated by the curved arrow.
Moving Average: A short-term moving average (possibly 10 or 20-day) is shown, with the price hovering just below it — indicating potential short-term weakness.
High/Low Reference:
Recent High: ₹717.50
Recent Low: ₹508.60
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.