SYRMA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.3

Here’s a detailed technical analysis of Syrma SGS Technology Ltd. (SYRMA)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading well above both its 50 DMA (₹738) and 200 DMA (₹604). It has rebounded sharply from its 52-week low of ₹355 and is now approaching its all-time high of ₹875.

Momentum: Bullish. The stock is showing signs of continuation with healthy indicators and strong institutional interest (DII holding up 8.90%).

📈 Moving Averages

50 DMA: ₹738

200 DMA: ₹604

Current Price: ₹812

Interpretation: Price is comfortably above both DMAs, confirming a bullish bias. The rising slope of both averages supports trend continuation.

📉 MACD & RSI

MACD: Strongly positive at 26.6, indicating bullish momentum.

RSI: At 58.0 — in a healthy range, not overbought, but showing strength.

Conclusion: Momentum indicators support a buy-on-dips strategy. A push above RSI 60 would reinforce bullish conviction.

📊 Volume Trends

Current Volume: 13.1 lakh

1-Week Avg Volume: 12.6 lakh

Interpretation: Volume is slightly above average, suggesting active participation and potential accumulation.

📉 Bollinger Bands

Price is likely near the upper band, indicating strength but also short-term resistance. A breakout above ₹820–₹830 with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 780 Minor pullback zone

Support 2 738 50 DMA, strong base

Resistance 1 830 Near-term resistance zone

Resistance 2 875 52-week high

Resistance 3 920–950 Psychological breakout zone

🎯 Entry & Exit Zones

Optimal Entry: ₹780–₹800 (on pullback with confirmation)

Exit Zone: ₹875–₹950 (partial profit booking near resistance)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹780–₹800 with breakout confirmation above ₹830. Target ₹875–₹950 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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