This stock’s recent plunge from ~$700 to $622 (4/28) screams bearish momentum 🐻, with the 9-day EMA crossing below the 21-day—a classic sell signal. RSI tanked from overbought (85) to neutral (48), suggesting the selling pressure might be easing. Volume spiked on the drop, confirming bearish conviction. No clear reversal pattern yet, but if RSI dips below 30 (oversold), watch for a bounce. For now? Hold or wait—aggressive bulls might scalp a rebound, but risk remains high. 📉🔍

Shriram Finance Limited, a non-banking finance company, primarily provides commercial vehicle financing services in India. It offers commercial vehicle loans for commercial goods vehicles, passenger vehicles, tractors and farm equipment, and construction equipment. The company also provides business loans; fixed and recurring deposits; and working capital loans, including tyre, tax, fuel, and toll finance, as well as vehicle insurance and repair/top-up loans. In addition, it offers challan discounting services; life and general insurance products; consumer finance services; emergency credit line guarantee schemes; stock broking services; and chit and mutual funds. As of March 31, 2022, it operated a network of 1,854 branches. The company also offers its products through 775 rural centers; and partnerships with 500 private financiers. It primarily serves first time buyers, driver-turned-owners, and small road transport operators. The company was formerly known as Shriram Transport Finance Company Limited and changed its name to Shriram Finance Limited in November 2022. Shriram Finance Limited was incorporated in 1979 and is headquartered in Mumbai, India.

Shriram Finance Limited SHRIRAMFIN.NS: 1003.6 INR

Bearish views