SYNGENE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Here’s a detailed technical analysis of Syngene International Ltd. (SYNGENE)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase, trading right at its 50 DMA (₹659) and below the 200 DMA (₹697). This suggests indecision and a lack of strong directional momentum.

Long-Term Trend: Weak, with the stock down ~31% from its 52-week high of ₹961 and showing limited recovery signs.

📈 Moving Averages

50 DMA: ₹659

200 DMA: ₹697

Current Price: ₹658

Interpretation: Price is hovering around the 50 DMA and below the 200 DMA — a neutral to slightly bearish setup. A decisive move above ₹670–₹680 would be needed to confirm bullish reversal.

📉 MACD & RSI

MACD: Slightly negative at -1.13, indicating fading momentum.

RSI: Neutral at 50.4 — no overbought or oversold signal, but leaning bearish.

Conclusion: Momentum indicators suggest sideways movement. A bullish crossover in MACD and RSI > 55 would confirm strength.

📊 Volume Trends

Current Volume: 4.15 lakh

1-Week Avg Volume: 9.13 lakh

Interpretation: Volume is significantly below average, indicating low conviction. A breakout above ₹670–₹680 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A move toward the upper band (~₹680–₹700) would signal bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 640 Minor support zone

Support 2 599 52-week low, strong base

Resistance 1 670 Near-term resistance zone

Resistance 2 697 200 DMA, major ceiling

Resistance 3 740–780 Previous swing highs

🎯 Entry & Exit Zones

Optimal Entry: ₹640–₹655 (on pullback with confirmation)

Exit Zone: ₹697–₹740 (partial profit booking), ₹780+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹640–₹655 only if support holds. Avoid aggressive entries until price breaks above ₹670 with volume and MACD flattens.

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

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