SAPPHIRE - Technical Analysis

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

Technical Rating: 2.6

Here’s a detailed technical analysis of Sapphire Foods India Ltd. (SAPPHIRE) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Consolidating with Bearish Bias Price is hovering around the 50-DMA (₹328) and slightly above the 200-DMA (₹320), indicating indecision.

RSI (44.9): Below neutral — suggests weakening momentum.

MACD (2.21): Positive but flattening — momentum is fading.

Volume: Significantly below 1-week average — low participation and conviction.

📈 Chart Patterns & Indicators

Moving Averages

Price ≈ 50-DMA → short-term resistance.

Price > 200-DMA → long-term support still intact.

Bollinger Bands

Price near mid-band — no breakout or squeeze pattern.

Support Levels

₹320 (200-DMA)

₹310 – ₹315 (historical support zone)

₹242 (52-week low)

Resistance Levels

₹328 (50-DMA)

₹340 – ₹347 (pivot resistance zone)

₹401 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Neutral to Bearish

RSI below 50 and low volume suggest lack of buying strength.

MACD positive but not accelerating — momentum is soft.

Stochastic RSI: Near oversold — potential for bounce, but not confirmed.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹315 – ₹320 Near 200-DMA, oversold indicators

Exit Target ₹340 – ₹347 Resistance zone, recent highs

Stop Loss ₹305 Below key support and trendline

🧠 Summary

SAPPHIRE is in a consolidation phase with a slight bearish tilt. Technical indicators show fading momentum and weak volume, suggesting caution. A bounce from ₹320 could offer a tactical entry, but upside may be capped unless volume and RSI improve. Traders should watch for a breakout above ₹340 to confirm trend reversal.

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