SAREGAMA - Technical Analysis

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

Technical Rating: 2.4

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

📊 Trend Overview

Current Trend: Reversing to Bearish Price is below both 50-DMA (₹508) and 200-DMA (₹510), indicating a breakdown from key support zones.

RSI (39.1): In bearish territory — suggests weak momentum and potential oversold conditions.

MACD (-8.07): Strong bearish crossover — confirms downward pressure.

Volume: Slightly below 1-week average — low conviction in recent price moves.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish structure.

50-DMA ≈ 200-DMA → trend flattening.

Bollinger Bands

Price near lower band — oversold zone, but no reversal signal yet.

Support Levels

₹470 – ₹475 (recent pivot zone)

₹417 (52-week low)

Resistance Levels

₹508 – ₹510 (DMA cluster)

₹530 – ₹545 (historical resistance)

₹689 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bearish

RSI and MACD both point to continued weakness.

No bullish divergence or reversal signals yet.

Stochastic RSI: Likely oversold — potential for short-term bounce, but not confirmed.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹470 – ₹480 Near support, oversold indicators

Exit Target ₹510 – ₹530 Resistance zone, DMA ceiling

Stop Loss ₹455 Below key support and recent lows

🧠 Summary

SAREGAMA is in a downward reversal phase with weak technical momentum. The stock has broken below key moving averages and is struggling to regain strength. While volume is soft, oversold indicators suggest a tactical bounce could emerge near ₹470. However, upside may be capped unless RSI and MACD show improvement.

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