SRG Housing Finance Ltd. Share Price

SRG Housing Finance — Long-Term Trend Breakdown Meets Critical Support Retest

1️⃣ Price Structure: Price remains in a broader lower-high and lower-low formation after losing the rising trendline support. The recent move shows compression near a horizontal base, suggesting a pause after sustained downside pressure. 2️⃣ Trendlines & Channels: A descending resistance line continues to cap rallies, while the earlier upward trendline now acts as a structural reference rather than active support. The latest candles are forming a minor falling micro-channel near the base zone. 3️⃣ Key Support & Resistance Levels: • ₹283–285: Overhead resistance aligned with moving averages and trendline pressure. • ₹270: Immediate pivot zone where price is currently consolidating. • ₹263–255: Strong support band marked by prior demand and horizontal structure. • ₹300+: Higher supply area from previous distribution phase. 4️⃣ Momentum & RSI Behaviour: RSI is moving inside a downward-sloping range but attempting stabilization near the lower band. Momentum remains subdued, indicating consolidation rather than strong directional strength. 5️⃣ Volume Observation: Volume has stayed relatively moderate during the decline, with no aggressive expansion on recent candles — suggesting controlled selling pressure rather than panic moves. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)

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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)

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