SYRMA - Technical Analysis

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

Technical Rating: 4.6

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

📊 Trend Overview

Current Trend: Strong Uptrend

Price is well above both 50-DMA (₹614) and 200-DMA (₹535) — confirms bullish momentum.

RSI (83.0) — deep in overbought territory, signaling potential exhaustion.

MACD (44.3) — strongly positive, confirming trend strength.

Volume: Below 1-week average — suggests rally may be losing steam.

📈 Chart Patterns & Indicators

Moving Averages

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

No signs of bearish crossover.

Bollinger Bands

Price likely hugging upper band — indicates momentum but also risk of pullback.

Support Levels

₹720 – ₹735 (recent consolidation zone)

₹690 – ₹700 (minor trendline support)

₹614 (50-DMA)

Resistance Levels

₹755 (52-week high and psychological barrier)

₹770 – ₹800 (projected breakout zone)

🔍 Momentum Signals

Short-Term Bias: Bullish but overheated

RSI > 80 — overbought, caution advised.

MACD strong — confirms trend, but volume divergence is a concern.

Volume Trend: Weak — suggests lack of fresh buying interest.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹720 – ₹735 Pullback zone near recent support

Exit Target ₹770 – ₹800 Breakout zone above 52-week high

Stop Loss ₹700 Below trendline and support cluster

🧠 Summary

SYRMA is in a strong uptrend, backed by bullish indicators and price action above key moving averages. However, the RSI at 83 and low volume suggest the rally may be stretched. A tactical entry on dips near ₹720–₹735 could offer a safer setup, with upside potential toward ₹800+. Traders should monitor for volume confirmation before chasing higher levels.

Want to explore how SYRMA compares with other electronics manufacturing plays or dive into sector sentiment? I’ve got plenty of insights to help you stay ahead.

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