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Technicals for Syrma SGS Technology Limited
By MusingTheNews
2026-02-03 20:58
Overall Technical outlook
Price Summary
Syrma SGS Technology Limited's stock saw a -3.51% tumble, showcasing an lousy market day. On 2026-02-03, SYRMA's stock began at 850.0, peaked at 850.0, dipped to 803.35, and closed up -3.51% at 820.15, with a volume of 3933574 shares. The stock reached its highest price of 903.1 and its lowest price of 413.75 during the 52-week period. 22 analysts estimate that the future price of SYRMA will fall between 685.0 and 1044.0, with an average price expectation of approximately 906.9091.
Technicals
Support and Resistance: The price of 820.15 is supported at 799.5 and capped by resistance at 835.3. These levels mark key points for Syrma SGS Technology Limited where the price could find stability, with 799.5 as a floor and 835.3 as a ceiling. Support/Resistance for SYRMA
Aroon: The continuation of Aroon's bullish trend, with Aroon Up remaining at 100, signals strong momentum. However, to fully assess the trend's future potential, it should be analyzed in conjunction with other technical indicators. Aroon chart for Syrma SGS Technology Limited
Bol. Bands: The price remains above the upper Bollinger Band, where it has been since its last upward move. This indicates strong bullish momentum and suggests that the asset could be in an overbought condition. Traders might view this as a sign of continued strength, but the extended period above the band also raises the possibility of an impending correction or pullback. Bolinger Bands chart for Syrma SGS Technology Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Syrma SGS Technology Limited
Stochastic: The stochastic indicator is in a bullish position, with the K-line above both the D-line and the 80 level. This configuration suggests strong upward momentum, indicating that the market may continue its positive trend. Traders might view this as a sign of ongoing strength in the market. Stochastic chart for Syrma SGS Technology Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Syrma SGS Technology Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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