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By EquityPandit

MARKET OUTLOOKSHRIRAMFINSTOCK OUTLOOK

Shriram Finance Outlook for the Week (May 06, 2024 – May 10, 2024)

Shriram Finance closed the previous week on a negative note losing 8.57%.

Technically, Shriram Finance share price will see immediate support at 2,459.87 and immediate resistance would be seen at 2,687.62.

If Shriram Finance share price closes below immediate support of 2,459.87, then sharp breakdown can be seen. Shriram Finance share price will see major support at 2,331.18 for the week.

2700.002700.002650.002650.002600.002600.002550.002550.002500.002500.002450.002450.002400.002400.002350.002350.002300.002300.002250.002250.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 2530.80BuyBuySell

On the positive side, immediate resistance will be seen at 2,687.62. Closing above 2,687.62, Shriram Finance share price will see a sharp breakout. Major resistance for Shriram Finance share price will be seen at 2,786.68 for the week.

Trading range for Shriram Finance share price for this week should be between 2,232.12 on down side and 2,915.37 on up side.

Shriram Finance Previous Week High: 2658

Shriram Finance Previous Week Low: 2430.25

Shriram Finance Previous Week Range: 227.75 Points

Shriram Finance share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 2,915.37
Resistance 2 2,786.68
Resistance 1 2,687.62
Support 1 2,459.87
Support 2 2,331.18
Support 3 2,232.12
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