This is the daily chart of Shriram Finance Limited, and the structure currently suggests a possible support breakdown setup.

1️⃣ Trend Context Before the current fall, the stock had a strong bullish rally: ₹730 → ₹1100 Clear higher highs and higher lows After touching around ₹1100, the stock started forming lower highs, indicating trend exhaustion. 2️⃣ Key Support Level The level you marked: ₹960 – ₹965 This level previously acted as: Breakout level in January Demand zone multiple times Now price has retested this level again. When a support is tested multiple times, it becomes weaker. 3️⃣ Current Price Behavior Recent candles show: Strong selling pressure Lower highs forming Price moving back to support This indicates distribution near ₹1050–₹1100. 4️⃣ Breakdown Trigger If price closes below ₹960, it would confirm a support breakdown. Once this level breaks, many: Swing traders exit Stop losses trigger This accelerates downside momentum. 5️⃣ Downside Targets After breakdown, the next supports are: Level Reason ₹940 Minor demand ₹920 Strong support ₹900 Psychological level Your arrow pointing toward ₹920 area is technically reasonable. 6️⃣ Bullish Scenario (Invalidation) Bearish view fails if the stock: Reclaims ₹1000 Breaks ₹1050 Then the move could turn into a false breakdown trap. ✅ Summary Factor Observation Trend Weakening Key support ₹960 Breakdown trigger Close below ₹960 Downside target ₹920 Your downside projection toward ₹920 zone is technically logical. 📊 Interesting point: NBFC stocks like Shriram Finance Limited often move fast once key support breaks, because institutional traders use tight stop losses near major levels.