SYRMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | SYRMA | Market Cap | 14,794 Cr. | Current Price | 767 ₹ | High / Low | 910 ₹ |
| Stock P/E | 60.0 | Book Value | 145 ₹ | Dividend Yield | 0.20 % | ROCE | 6.34 % |
| ROE | 4.54 % | Face Value | 10.0 ₹ | DMA 50 | 736 ₹ | DMA 200 | 701 ₹ |
| Chg in FII Hold | -0.55 % | Chg in DII Hold | -0.49 % | PAT Qtr | 95.4 Cr. | PAT Prev Qtr | 65.4 Cr. |
| RSI | 61.7 | MACD | -3.72 | Volume | 34,34,128 | Avg Vol 1Wk | 39,71,055 |
| Low price | 355 ₹ | High price | 910 ₹ | PEG Ratio | 2.01 | Debt to equity | 0.10 |
| 52w Index | 74.3 % | Qtr Profit Var | 83.3 % | EPS | 13.1 ₹ | Industry PE | 29.2 |
📈 Chart Patterns & Trend: SYRMA is trading at 767 ₹, above both the 50 DMA (736 ₹) and 200 DMA (701 ₹), indicating medium-term strength. RSI at 61.7 suggests the stock is approaching overbought territory but still in bullish momentum. MACD at -3.72 shows mild bearish divergence, hinting at short-term consolidation. Bollinger Bands place price near the upper band, signaling strong momentum but possible resistance.
📊 Volume Trends: Current volume (34.3 lakh) is lower than the 1-week average (39.7 lakh), reflecting reduced participation and cautious sentiment among traders.
🎯 Momentum Signals:
- Price above both 50 DMA and 200 DMA confirms bullish bias.
- RSI above 60 indicates strong momentum but nearing overbought zone.
- MACD slightly negative, suggesting short-term consolidation.
💡 Entry Zone: 740–755 ₹ (near 50 DMA support).
🚪 Exit Zone: 880–910 ₹ (near resistance and 52-week high).
🔎 Overall Trend: The stock is trending upward with strong medium-term momentum but showing signs of short-term consolidation. Sustained breakout above 910 ₹ could trigger fresh rally.
Positive
- Price trading above both 50 DMA and 200 DMA, confirming strength.
- Quarterly PAT improved significantly (95.4 Cr. vs 65.4 Cr.), showing earnings growth.
- EPS of 13.1 ₹ supports long-term valuation.
- Low debt-to-equity ratio (0.10) reflects financial stability.
Limitation
- High P/E of 60.0 compared to industry PE of 29.2, suggesting premium valuation.
- ROCE (6.34%) and ROE (4.54%) relatively weak, showing modest efficiency.
- FII (-0.55%) and DII (-0.49%) holdings both declined, reflecting reduced institutional confidence.
- Volume trends show declining investor participation.
Company Negative News
- Institutional holdings declined, showing reduced confidence.
- MACD negative, suggesting short-term weakness despite overall uptrend.
Company Positive News
- Quarterly profit variation surged (+83.3%), highlighting strong earnings momentum.
- Stock trading well above long-term averages, confirming bullish structure.
- Strong fundamentals with low leverage.
Industry
- Industry PE at 29.2 is much lower than SYRMA’s PE, highlighting premium valuation.
- Electronics manufacturing sector supported by demand in consumer and industrial applications.
- Sector consolidation favors established players like SYRMA.
Conclusion
SYRMA is trending upward, supported by strong earnings growth and price action above key moving averages. Entry near 740–755 ₹ offers favorable risk-reward, while resistance lies at 880–910 ₹. The stock needs stronger volume and a break above 910 ₹ to confirm continuation of the rally. Long-term fundamentals remain strong, but short-term traders should watch for consolidation signals before entering aggressively.
I can also prepare a comparative snapshot of SYRMA vs SYNGENE to highlight which one offers better near-term trading opportunities.