📊 Shriram Finance Ltd – Recovery Attempt After Sharp Correction

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 📊