SAREGAMA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Saregama India Ltd. (SAREGAMA)

📊 Trend Analysis

Current Trend: The stock is in a consolidation phase, trading near its 50 DMA (₹494) and slightly below the 200 DMA (₹503). This suggests indecision and lack of strong directional momentum.

Long-Term Trend: Bearish, as the stock is down ~27% from its 52-week high of ₹689

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📈 Moving Averages

50 DMA: ₹494

200 DMA: ₹503

Current Price: ₹492

Interpretation: Price is hovering around the 50 DMA and below the 200 DMA — a sign of neutral to slightly bearish sentiment. A sustained move above ₹503 would be needed to confirm trend reversal.

📉 MACD & RSI

MACD: Positive at 1.72, but flat — indicating weak bullish momentum.

RSI: Neutral at 50.8 — no overbought or oversold signal.

Conclusion: Momentum indicators suggest sideways movement with no strong buy/sell signal.

📊 Volume Trends

Current Volume: 17.4 lakh

1-Week Avg Volume: 4.3 lakh

Interpretation: Volume spike suggests short-term interest, possibly speculative. Watch for follow-through volume near breakout levels.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹510–₹520 with volume would confirm bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 475 Near-term support zone

Support 2 417 52-week low, strong base

Resistance 1 503 200 DMA, key breakout level

Resistance 2 540–560 Previous swing highs

Resistance 3 689 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹475–₹485 (on pullback with confirmation)

Exit Zone: ₹540–₹560 (partial profit booking), ₹680–₹689 (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Wait-and-watch

Short-Term Strategy: Accumulate near ₹475–₹485 only if support holds. Avoid aggressive entries until price breaks above ₹503 with volume.

Sources

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. Let me know if you’d like a visual chart or swing trade setup based on this!

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www.finosauras.com

2

bing.com

3

stockpricearchive.com

4

www.etmoney.com

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