SYRMA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

Technical Analysis Report for Syrma SGS Technology Ltd (SYRMA)

• Trend Status: Trending upward with mild consolidation
• Moving Averages: Price above both 50 DMA (₹784) and 200 DMA (₹654) — bullish alignment
• RSI: 55.2 — neutral to bullish zone, room for upside
• MACD: Slightly negative at -1.28 — weak bearish crossover, momentum cooling
• Bollinger Bands: Price near mid-band — range-bound movement
• Volume: Below weekly average — declining participation, needs confirmation

Entry & Exit Zones

• Support Levels: ₹784 (DMA 50), ₹765 (trendline), ₹720 (swing low)
• Resistance Levels: ₹840 (minor resistance), ₹875 (52-week high)
• Optimal Entry: ₹785–₹800 (on pullback or consolidation)
• Optimal Exit: ₹860–₹875 (if momentum sustains)

Positive

• Price above key moving averages — bullish structure
• Strong DII interest — 7.23% increase in holdings
• Quarterly profit variation of 880% — exceptional YoY growth
• Debt-to-equity ratio of 0.36 — moderate leverage

Limitation

• MACD slightly negative — momentum not confirmed
• Volume below average — weak participation
• High P/E of 149 vs industry average of 35.8 — premium valuation
• PEG ratio of 4.97 — expensive on growth-adjusted basis

Company Negative News

• Quarterly PAT declined from ₹32.2 Cr. to ₹26.8 Cr. — sequential earnings dip

Company Positive News

• EPS of ₹5.83 — consistent earnings base
• FII holding increased by 0.68% — foreign investor confidence

Industry

• Electronics manufacturing and design — high-growth sector driven by domestic and export demand
• Industry P/E of 35.8 — SYRMA trades at a significant premium

Conclusion

Syrma SGS Technology Ltd is currently trending upward with bullish moving average alignment and strong institutional support. While MACD and volume suggest caution, the broader trend and fundamentals support further upside. Traders may consider entries near ₹785 with exits around ₹875, watching for MACD reversal and volume confirmation to validate momentum.