SAPPHIRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here’s a detailed technical breakdown of Sapphire Foods India Ltd. (SAPPHIRE)

📊 Trend Analysis

Current Trend: The stock is in a consolidation phase, hovering around its 50 DMA (₹324) and 200 DMA (₹320), with no clear breakout or breakdown.

Momentum: Weak to neutral. RSI at 48.5 suggests indecision, and MACD at 0.42 is flat — indicating lack of strong directional momentum.

📈 Moving Averages

Price vs DMA: Current price ₹323 is sandwiched between the 50 DMA and 200 DMA.

Interpretation: This range-bound behavior signals sideways movement. A decisive move above ₹330 or below ₹315 would be needed to confirm trend direction.

📉 MACD & RSI

MACD: Slightly positive but flat, indicating no strong momentum.

RSI: Neutral zone at 48.5 — neither overbought nor oversold.

Conclusion: No clear buy/sell signal. Wait for MACD crossover or RSI > 55 for bullish confirmation.

📊 Volume Trends

Current Volume: 2.37 lakh

1-Week Avg Volume: 3.33 lakh

Interpretation: Volume is below average, suggesting low conviction in current price action.

📉 Bollinger Bands

Price is near the middle band, reinforcing the consolidation view. A breakout above the upper band (~₹335) with volume would be bullish.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 315 Near 200 DMA, short-term base

Support 2 300 Psychological support

Resistance 1 335 Upper Bollinger Band

Resistance 2 360–375 Previous swing highs

Resistance 3 401 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹315–₹320 (if support holds with volume confirmation)

Exit Zone: ₹360–₹375 (partial profit booking), ₹395–₹401 (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Wait-and-watch

Short-Term Strategy: Avoid aggressive entries. Accumulate only on dips near ₹315 with breakout confirmation above ₹335. Monitor MACD and RSI for trend signals.

Sources

1

2

3

4

. Let me know if you'd like a visual chart or swing trade setup!

1

bing.com

2

www.moneycontrol.com

3

www.etmoney.com

4

www.tipranks.com

Edit in a page