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Threetrend Research

3rd Nov · SEBI Registration INH000022729

Shriram Finance is showing a potential bullish reversal

SHRIRAMFIN Shriram Finance is showing a potential bullish reversal after a sharp decline on the daily chart. The stock recently found buying interest near the ₹820–840 support zone, where sellers failed to maintain downward momentum and buyers pushed the price higher, resulting in a strong bullish recovery candle. This indicates that demand may be emerging at lower levels and short-term selling pressure could be easing. However, the broader trend remains weak, and confirmation through sustained price action above ₹900–920 with strong volume would be important to strengthen the bullish reversal setup. The ₹820–840 zone remains a crucial support area to watch. chart is attached for educational purpose here.

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