Shriram Finance – Weekly Pullback Within Strong Uptrend

is showing a healthy pullback after a strong uptrend, with price retesting key support zones while maintaining overall bullish structure on the weekly timeframe. Technical Structure (Weekly) The stock is in a strong uptrend → short-term correction → potential continuation setup. Key observations: • Sustained uptrend with clear higher highs & higher lows • Recent correction from ₹1,100 zone towards ₹950–1,000 • Price holding near EMA (~₹970) → key dynamic support • Strong bounce candle → buyers active at lower levels • Stoch RSI near oversold → momentum reset underway Key Levels to Watch Immediate resistance: ₹1,050–1,100 zone • Sustained breakout above ₹1,100 → Target 1: ₹1,200–1,250 Target 2: ₹1,350+ Support levels: • Immediate: ₹950–980 (EMA zone) • Strong support: ₹850–900 Holding above ₹950 is crucial to maintain bullish trend structure. Trend Insight 👉 This is a buy-on-dips structure within a strong trend • Pullback is corrective, not structural breakdown • Momentum cooling → healthy for next leg of rally • Best opportunities typically near EMA / support zones Fundamental Perspective Shriram Finance operates in: • Retail lending (commercial vehicles, MSME loans) • Consumer & rural financing • One of India’s leading NBFCs Key triggers: • Strong growth in rural & semi-urban credit demand • Merger synergies (Shriram Transport + Shriram City Union) • Improving asset quality & credit cycle • Beneficiary of economic expansion + credit growth ➡️ Shriram Finance remains in a strong structural uptrend, and sustaining above ₹950–980 can lead to a fresh move towards ₹1,100+ and higher levels