SRG Housing Finance Ltd – Rebound from Historical Support with Cautious Momentum Near Resistance

📊 Weekly Chart Takeaways Price action shows a sharp bounce from the long-term horizontal support zone around ₹263–₹265. The stock is now approaching the 30-week Simple Moving Average and also testing the upper boundary of the downward channel. A cluster of resistance lies near ₹320, where multiple rejections occurred earlier. 📉 Indicator Highlights Volume has expanded significantly on the bounce, suggesting potential short-term accumulation. RSI has recovered above 50 but remains under its prior peaks, needing follow-through to confirm strength. The trend remains fragile unless the stock is able to sustain above the ₹320 zone, where supply pressure previously emerged. 📝 Observational Summary While the structure hints at a potential trend change, confirmation above the resistance zone with RSI strength would improve technical conviction. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)