SYRMA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.2

📊 Chart Patterns: SYRMA is trading below its 50 DMA (787 ₹) but above its 200 DMA (696 ₹). Support lies near 700 ₹, while resistance is around 787–800 ₹. The broader chart suggests weakness with consolidation after failing to sustain above 787 ₹.

📈 Moving Averages: Current price (729 ₹) is below the 50 DMA but above the 200 DMA, indicating short-term bearishness but medium-term support.

📉 RSI: At 31.7, RSI is near oversold territory, suggesting weak momentum but potential for a short-term bounce.

📉 MACD: Strongly negative (-29.7), confirming bearish crossover and downside pressure.

📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible mean reversion in the short term.

📊 Volume Trends: Current volume (6,95,765) is slightly above average weekly volume (6,66,762), showing stable participation but no strong buying interest.

🚦 Momentum Signals: Short-term momentum remains bearish. A bounce may occur near 700 ₹, but recovery requires crossing 787–800 ₹.

🎯 Entry Zone: 700–720 ₹ (near support).

🎯 Exit Zone: 780–800 ₹ (resistance at 50 DMA).

📌 Trend Status: The stock is consolidating with bearish bias, not yet reversing into an uptrend.

Positive

• Strong quarterly PAT growth from 53.8 Cr. to 65.4 Cr. (+84.9% variation).
• DII holdings increased significantly (+7.23%), showing strong domestic institutional support.
• Low debt-to-equity ratio (0.10) ensures financial stability.

Limitation

• High P/E (77.4) compared to industry average (33.2) suggests overvaluation.
• Weak ROCE (6.34%) and ROE (4.54%) indicate modest capital efficiency.
• PEG ratio of 2.59 shows expensive growth prospects.

Company Negative News

• Stock trading below 50 DMA indicates weak technical strength.
• FII holdings decreased slightly (-0.68%), showing reduced foreign investor confidence.

Company Positive News

• Strong quarterly profit growth highlights improving operational performance.
• DII inflows reflect confidence in long-term growth potential.

Industry

• Industry P/E at 33.2 indicates moderate valuation compared to SYRMA’s elevated levels.
• Electronics manufacturing sector remains supported by demand in consumer and industrial applications.

Conclusion

⚖️ SYRMA is consolidating with bearish bias, trading below its 50 DMA but above 200 DMA. Short-term traders may consider entry near 700–720 ₹ with exit around 780–800 ₹. Long-term investors should be cautious due to high valuations and weak efficiency metrics, but strong profit growth and institutional support provide resilience.