SYNGENE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

Technical Analysis Report for Syngene International Ltd (SYNGENE)

• Trend Status: Consolidating near short-term support
• Moving Averages: Price above 50 DMA (₹648) but below 200 DMA (₹683) — neutral to mildly bearish
• RSI: 52.4 — neutral zone, no strong directional bias
• MACD: Positive at 3.50 — mild bullish crossover
• Bollinger Bands: Price near mid-band — range-bound movement
• Volume: Slightly above weekly average — moderate interest, not breakout strength

Entry & Exit Zones

• Support Levels: ₹648 (DMA 50), ₹625 (trendline), ₹599 (52-week low)
• Resistance Levels: ₹683 (DMA 200), ₹710 (gap zone), ₹745 (swing high)
• Optimal Entry: ₹640–₹655 (on confirmation of support)
• Optimal Exit: ₹700–₹745 (if momentum sustains)

Positive

• MACD positive — early signs of momentum recovery
• EPS of ₹11.6 — stable earnings base
• DII holding increased by 0.57% — domestic institutional support
• Debt-to-equity ratio of 0.07 — low leverage

Limitation

• Price below 200 DMA — long-term weakness
• PEG ratio of 43.6 — expensive on growth-adjusted basis
• ROCE (12.8%) and ROE (9.78%) — moderate efficiency

Company Negative News

• FII holding declined by 0.20% — slight foreign investor pullback
• Quarterly PAT dropped from ₹174 Cr. to ₹74 Cr. — sharp sequential decline

Company Positive News

• Quarterly profit variation of 48.1% YoY — strong annual growth

Industry

• Biotech and contract research — long-term growth driven by global pharma R&D outsourcing
• Industry P/E of 44.8 — SYNGENE trades at a premium (P/E of 56.2)

Conclusion

Syngene International Ltd is currently consolidating near its 50 DMA with mixed technical signals. While MACD and volume show early recovery signs, price action below the 200 DMA and high PEG ratio suggest caution. Traders may consider entries near ₹640 with exits around ₹745, watching for confirmation through RSI strength and institutional flows.