SUPREMEIND - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.1

Here’s a comprehensive technical analysis of Supreme Industries Ltd. (SUPREMEIND)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, trading above both the 50 DMA (₹4,392) and 200 DMA (₹4,256). This suggests a recovery from recent lows and a potential continuation if momentum builds.

Long-Term Trend: Still intact, though the stock is ~20% below its 52-week high of ₹5,615, indicating room for upside if resistance levels are cleared.

📈 Moving Averages

50 DMA: ₹4,392

200 DMA: ₹4,256

Current Price: ₹4,475

Interpretation: Price is above both DMAs, confirming a bullish bias. Sustaining above ₹4,500 would strengthen the trend.

📉 MACD & RSI

MACD: Positive at 26.8, indicating bullish momentum.

RSI: Neutral at 50.8 — balanced, with room for upside.

Conclusion: Momentum indicators support a buy-on-dips strategy. Watch for RSI > 55 and MACD widening for confirmation of strength.

📊 Volume Trends

Current Volume: 62,081

1-Week Avg Volume: 1.63 lakh

Interpretation: Volume is significantly below average, suggesting low conviction. A breakout above ₹4,600–₹4,700 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout toward the upper band (~₹4,700) would signal bullish continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 4,392 50 DMA, short-term support

Support 2 4,256 200 DMA, strong base

Resistance 1 4,700 Near-term resistance zone

Resistance 2 5,000–5,200 Intermediate swing highs

Resistance 3 5,615 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹4,390–₹4,450 (on pullback with confirmation)

Exit Zone: ₹5,000–₹5,200 (partial profit booking), ₹5,600+ (final target if breakout sustains)

🔍 Summary

Trend: Mild uptrend

Momentum: Neutral to bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹4,390–₹4,450 with breakout confirmation above ₹4,700. Target ₹5,000–₹5,600 over the next few weeks.

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

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