📊 Shriram Finance Ltd – Recovery Attempt After Sharp Correction
The stock is showing a bounce after a strong correction, but the overall structure is still in a recovery phase.
🔎 Technical Observations:
• Prior uptrend followed by sharp correction
• Formation of a short-term base near lower levels
• Recent strong bounce with buying interest
• Price still below key resistance zones
• Momentum indicators showing early recovery
🔑 Key Levels to Watch:
• Immediate Support: ₹919 – ₹867
• Major Support: ₹814 – ₹761
• Immediate Resistance: ₹1004 – ₹1025
🚀 Upside Targets:
• ₹1025
• ₹1077
• ₹1130+
📉 Risk Scenario:
Breakdown below ₹867 may resume bearish pressure and push price towards ₹814
📈 Trading View:
👉 Stock is in recovery phase after correction
👉 A breakout above ₹1025 can confirm bullish momentum
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊