SYRMA - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📈 Intraday Trade Analysis for SYRMA

IntraDay Trade Rating: 4.5

This rating reflects a strong bullish setup driven by momentum indicators and price action, though tempered by valuation concerns and declining volume.

🔍 Technical Snapshot

RSI (83.0): Deeply overbought — strong momentum but risk of intraday pullback.

MACD (44.3): Strong bullish crossover — confirms trend continuation.

Volume (14.9L vs Avg 27.7L): Below average — suggests reduced participation.

Price near 52W High (755 ₹): Testing resistance zone; breakout or reversal likely.

Price well above 50 & 200 DMA: Indicates strong short-term and long-term trend.

💡 Intraday Strategy

✅ Fresh Entry (Buy Today)

Optimal Buy Zone: ₹740–₹745 (near breakout retest zone)

Profit Targets

Target 1: ₹755 (52W high resistance)

Target 2: ₹765–₹775 (momentum extension zone)

Stop Loss: ₹728 (below breakout candle and intraday support)

🚪 If Already Holding Today

Exit on Weakness

If price drops below ₹740 with rising sell volume and RSI < 78.

Exit on Strength

If price breaks ₹755 with volume surge and RSI > 85, trail stop to ₹745.

⚠️ Risk Factors

Overbought RSI may trigger profit booking.

High P/E (65.7) vs Industry PE (37.2) suggests valuation risk.

Volume drop may limit upside follow-through.

Quarterly profit surge (158%) is impressive but may be priced in.

Would you like a comparative intraday setup for DIXON or CRAFTSMAN from the same electronics manufacturing sector? Or maybe a BTST (Buy Today Sell Tomorrow) idea based on SYRMA’s breakout structure?

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