SYNGENE - Technical Analysis

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

Technical Rating: 4.3

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

📊 Trend Overview

Current Trend: Bullish with signs of exhaustion

Price is right at the 200-DMA (₹711) and above 50-DMA (₹659) — bullish structure.

RSI (71.2) — overbought zone, caution warranted.

MACD (12.8) — strongly positive, confirming momentum.

Volume: Below 1-week average — rally may lack conviction.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and ≈ 200-DMA → bullish bias, but nearing resistance.

Bollinger Bands

Price likely near upper band — potential for short-term pullback.

Support Levels

₹659 – ₹675 (DMA zone)

₹640 – ₹650 (trendline support)

₹599 (52-week low)

Resistance Levels

₹711 (200-DMA)

₹740 – ₹760 (swing highs)

₹800+ (psychological resistance)

🔍 Momentum Signals

Short-Term Bias: Bullish but overheated

RSI > 70 and MACD strong — momentum favors upside.

Volume dip suggests breakout needs confirmation.

Volume Trend: Weak — no signs of accumulation yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹675 – ₹690 Pullback zone near support

Exit Target ₹740 – ₹800 Resistance zone and swing highs

Stop Loss ₹659 Below 50-DMA and support cluster

🧠 Summary

SYNGENE is currently trending upward, supported by strong MACD and price action above key moving averages. However, the RSI in overbought territory and declining volume suggest the rally may be losing steam. A tactical entry on dips near ₹675–₹690 could offer a safer setup, with upside potential toward ₹740+. Watch for volume confirmation before chasing higher levels.

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