Shriram Finance exhibits strong bullish momentum with a classic higher high-higher low formation on daily charts. The stock is trading near all-time highs at Rs 1085.90 after breaking out of consolidation, showing aggressive buying interest and continued accumulation. Technical indicators remain healthy with RSI at 63.82, indicating room for further upside without overbought conditions. The stock trades well above its 20, 50, 100, and 200-week exponential moving averages, all sloping upward, confirming robust trend strength. For investors seeking exposure, a bull call spread strategy on March 26 expiry offers defined risk with maximum profit of Rs 12,416 at 1110 strike level and maximum loss of Rs 4,084. Positional support holds at Rs 1040, above which the bullish bias remains intact for continued upside potential.
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