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By EquityPandit

MARKET OUTLOOKSHRIRAMFINSTOCK OUTLOOK

Shriram Finance Outlook for the Week (February 19, 2024 – February 23, 2024)

Shriram Finance closed the previous week on a negative note losing 9.26%.

Technically, Shriram Finance share price will see immediate support at 2,301.97 and immediate resistance would be seen at 2,530.12.

If Shriram Finance share price closes below immediate support of 2,301.97, then sharp breakdown can be seen. Shriram Finance share price will see major support at 2,154.53 for the week.

2500.002500.002450.002450.002400.002400.002350.002350.002300.002300.002250.002250.002200.002200.002150.002150.002100.002100.00Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Jan 29Jan 29Feb 1Feb 1Feb 6Feb 6Feb 9Feb 9Feb 14Feb 14Reversal Level 2370.31BuyBuySellSell

On the positive side, immediate resistance will be seen at 2,530.12. Closing above 2,530.12, Shriram Finance share price will see a sharp breakout. Major resistance for Shriram Finance share price will be seen at 2,610.83 for the week.

Trading range for Shriram Finance share price for this week should be between 2,073.82 on down side and 2,758.27 on up side.

Shriram Finance Previous Week High: 2463.4

Shriram Finance Previous Week Low: 2235.25

Shriram Finance Previous Week Range: 228.15 Points

Shriram Finance share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 2,758.27
Resistance 2 2,610.83
Resistance 1 2,530.12
Support 1 2,301.97
Support 2 2,154.53
Support 3 2,073.82
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