SUPREMEIND - Technical Analysis

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

Technical Rating: 3.9

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

📊 Trend Overview

Current Trend: Mild Uptrend with Consolidation

Price is above both 50-DMA (₹4,175) and 200-DMA (₹4,179) — bullish bias.

RSI (56.6) — moderately strong, no overbought signals.

MACD (3.43) — positive, indicating upward momentum.

Volume: Below 1-week average — suggests consolidation or lack of breakout strength.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → bullish structure.

No crossover risk; trend intact.

Bollinger Bands

Price near upper band — potential breakout or short-term pullback.

Support Levels

₹4,175 – ₹4,200 (DMA zone)

₹4,000 – ₹4,050 (trendline support)

₹3,020 (52-week low)

Resistance Levels

₹4,400 – ₹4,500 (recent swing highs)

₹4,800 – ₹5,000 (psychological resistance)

₹5,724 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bullish with caution

RSI > 50 and MACD positive — momentum favors upside.

Volume dip suggests wait for confirmation before breakout trades.

Volume Trend: Weak — no strong accumulation yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹4,175 – ₹4,225 Near support, above DMA cluster

Exit Target ₹4,500 – ₹4,800 Resistance zone and swing highs

Stop Loss ₹4,050 Below trendline and DMA support

🧠 Summary

SUPREMEIND is showing signs of mild bullish momentum, supported by positive MACD and RSI above 50. However, declining volume and recent profit contraction (-26%) suggest caution. The stock is consolidating within an uptrend, and a breakout above ₹4,500 with volume confirmation could trigger a fresh rally. Ideal for swing traders with tight risk management.

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