SIGNATURE - Technical Analysis

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

Technical Rating: 2.1

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

📊 Trend Overview

Current Trend: Bearish and Reversing

Price is below both 50-DMA and 200-DMA (₹1,223) — confirms short-term and long-term weakness.

RSI (21.3) — extremely oversold, signaling potential for technical bounce.

MACD (-19.7) — strongly negative, confirming bearish momentum.

Volume: Slightly above 1-week average — mild interest, but not strong accumulation.

📈 Chart Patterns & Indicators

Moving Averages

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

No bullish crossover in sight.

Bollinger Bands

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

Support Levels

₹1,100 – ₹1,115 (recent base zone)

₹1,011 (52-week low)

Resistance Levels

₹1,223 (DMA convergence zone)

₹1,300 – ₹1,350 (swing highs)

₹1,647 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bearish with Oversold Reversal Potential

RSI < 30 and MACD negative — confirms selling pressure.

Oversold indicators suggest bounce may be near, but confirmation needed.

Stochastic & Oscillators: Deep oversold — watch for bullish crossover.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹1,100 – ₹1,115 Near support, oversold indicators

Exit Target ₹1,220 – ₹1,300 Resistance at moving averages

Stop Loss ₹1,080 Below key support and trendline

🧠 Summary

SIGNATURE is in a downtrend with signs of exhaustion. Technical indicators show oversold conditions, but momentum remains weak. A tactical bounce from ₹1,100–₹1,115 may offer short-term opportunity, though upside is capped unless price breaks above ₹1,223 with volume confirmation. Traders should wait for reversal signals before taking aggressive positions.

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