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By EquityPandit

MARKET OUTLOOKSHRIRAMFINSTOCK OUTLOOK

Shriram Finance Outlook for the Week (May 20, 2024 – May 24, 2024)

Shriram Finance closed the previous week on a negative note losing 6.32%.

Technically, Shriram Finance share price will see immediate support at 2,285.12 and immediate resistance would be seen at 2,437.97.

If Shriram Finance share price closes below immediate support of 2,285.12, then sharp breakdown can be seen. Shriram Finance share price will see major support at 2,198.63 for the week.

2700.002700.002650.002650.002600.002600.002550.002550.002500.002500.002450.002450.002400.002400.002350.002350.002300.002300.002250.002250.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 2391.05BuySellSell

On the positive side, immediate resistance will be seen at 2,437.97. Closing above 2,437.97, Shriram Finance share price will see a sharp breakout. Major resistance for Shriram Finance share price will be seen at 2,504.33 for the week.

Trading range for Shriram Finance share price for this week should be between 2,132.27 on down side and 2,590.82 on up side.

Shriram Finance Previous Week High: 2417.85

Shriram Finance Previous Week Low: 2265

Shriram Finance Previous Week Range: 152.85 Points

Shriram Finance share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 2,590.82
Resistance 2 2,504.33
Resistance 1 2,437.97
Support 1 2,285.12
Support 2 2,198.63
Support 3 2,132.27
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