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SHRIRAM FINANCE LTDSHRIRAM FINANCE LTDSHRIRAM FINANCE LTD

SHRIRAM FINANCE LTD

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SHRIRAMFIN trade ideas

Shriram Finance: Bullish Flag Signals Further GainsShriram Finance Ltd.'s recent price action presents a classic bullish flag pattern, indicating a potential continuation of the upward trend. This pattern, characterized by a sharp rise followed by a brief consolidatory period, suggests that the stock could be gearing up for another leg higher. Traders should monitor for a breakout above the consolidation zone as a confirmation of bullish momentum, which could offer a favorable opportunity for long positions. This setup offers a strategic point for traders to capitalize on the underlying strength of Shriram Finance.
NSE:SHRIRAMFINLong
by GlobalMarketGuru
Ascending triangle pattern on SHRIRAMFINSHRIRAMFIN formed an ascending triangle pattern on daily chart and broke out of the pattern today. With multiple support and resistance tested, appears to be a bullish breakout. Stoploss can be held just below the breakout candle with target the size of broader edge of triangle. You could trail stop loss with either 2 ATR (Average True Range) or 10 EMA (Exponential Moving Average). Hope you like this analysis. Please boost this idea if you like it or leave a comment below on what you think. Otherwise happy trading :-)
NSE:SHRIRAMFINLong
by digijagan
SHRIRAMFIN - Stock AnalysisShriram Finance Ltd. presents a strong technical and fundamental profile, making it an attractive option for investors. From a technical perspective, the stock exhibits numerous "Strong Bullish" signals. The one-day analysis is "Bullish," with the latest tick indicating a strong price rise. The KeltnerBand suggests "Strong Bullish" sentiment with a positive breakout pattern. The MACD (Moving Average Convergence Divergence) is "Strong Bullish," displaying a bullish crossover of the Macd and Signal lines, as well as a zero-line crossover, indicating a positive trend. The Awesome Oscillator is "Bullish," showing a bullish reversal with the Awesome Oscillator crossing above zero. The MAChannelBand and Bollinger Bands both exhibit "Strong Bullish" signals with positive breakout patterns. The Supertrend is "Bullish" with a bullish crossover, and the ADX (Average Directional Index) is "Bullish," trending upward. The HighLowMABand also indicates "Strong Bullish" sentiment with a positive breakout pattern. Candlestick patterns on the daily, weekly, and monthly charts are "Bullish," suggesting positive sentiment. In the weekly candlestick pattern, a "Three Outside Up" pattern has formed at a recent low level, indicating the possibility of a good bullish reversal. In terms of resistance and support, the stock has encountered short-term and medium-term resistance levels, with top points at 1954.85 on November 2, 2023, 1921.95 on October 3, 2023, 1957.2 on September 11, 2023, and 1928.3 on August 31, 2023. Additionally, there are short-term support lines with bottom points at 1797.6 on October 26, 2023, 1820.9 on October 9, 2023, 1796.0 on August 16, 2023, and 1782.85 on July 20, 2023. From a fundamental perspective, Shriram Finance Ltd. appears undervalued with a Price to Earnings Ratio of 10.08 and an EV to EBITDA ratio of 7.71, suggesting that the company's stock may be trading at a discount to its intrinsic value. The company has demonstrated significant growth in its Book Value over the last three years, indicating a strong financial position. Shriram Finance Ltd. offers an Earning Yield of 9.92% and all key Trailing Twelve Months Margins have grown by 15%. The Piotroski F Score is at a stable value of 4.0, signifying sound financial health. Annual net profit has been trending upward over the last three years, and EBITDA has continuously increased for the past three years. The company also maintains a good Return on Equity of 17.36% and a strong Net Margin of 19.95%. Despite this, the company has given poor Returns on Assets in the last three years, which is an aspect to monitor. However, there is a short-term positive trend in total sales and net profit, with a strong jump in net sales in terms of year-over-year (YoY) growth. The company has achieved annual sales growth for three consecutive years, and quarterly sales over the last five years are trending upward. Additionally, the debt-to-equity ratio has decreased and is at its lowest level in the last five years. In conclusion, Shriram Finance Ltd. presents a compelling investment opportunity with strong technical and fundamental indicators. The stock's bullish technical signals, coupled with its undervaluation and strong financial performance, make it an attractive choice for investors seeking potential growth and value in the market. Nevertheless, investors should remain vigilant and monitor both technical and fundamental developments for a comprehensive understanding of the stock's potential. Go Long above 1965 Stop Loss 1809
NSE:SHRIRAMFINLong
by ruelfernandes
Swing Buy opportunity in Shriram FinanceRefer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:SHRIRAMFINLong
by rkinspiro1
SHRIRAM FINANCE Shriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It's a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers. Targets and and stop loss given in the chart Market Cap ₹ 50,604 Cr. Current Price ₹ 1,352 High / Low ₹ 1,509 / 1,047 Stock P/E 9.30 Book Value ₹ 748 Dividend Yield 1.48 % ROCE 9.90 % ROE 11.4 % Face Value ₹ 10.0 Promoter holding 25.3 % EPS last year ₹ 101 EPS latest quarter ₹ 48.0 Debt ₹ 1,25,951 Cr. Pledged percentage 0.00 % Net CF ₹ -388 Cr. Price to Cash Flow -5.71 Free Cash Flow ₹ -8,893 Cr. Debt to equity 4.49 OPM last year 69.8 % OPM 5Year 72.2 % Reserves ₹ 27,752 Cr. Price to book value 1.81 Int Coverage 1.63 PEG Ratio 0.56
NSE:SHRIRAMFINLong
by madhu2811
SHRIRAMFINANCE--Bullish or Bearish ??Observations:: the stock broken the trendline in Daily timeframe strongly, and tested the resistance. the previous resistance is acts as a support and price moved up again, testing the resistance one more time and now its again at the support. ---------->> If this time @ support showing some bullish pressure, if this will continue price will break the resistance easily, and creates a new high. --------->> we have a previous resistance @ 1500 range, this time it will test this range. --------->> If price breaks 1300 range and support acts as resistance price falls below level of support @ 1200 range and below. we have a trendline in smaller time frame as well, if breaks & retest will observe bullishness. Keep track this instrument.
NSE:SHRIRAMFINLong
by IIT-Trader
1
Shriram Transport Finance IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
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by Sunstorminvest