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Technicals for Syrma SGS Technology Limited
By MusingTheNews
2025-06-13 20:56
Overall Technical outlook
Price Summary
On 2025-06-13, Syrma SGS Technology Limited's shares started at 513.05, peaked at 530.7, bottomed out at 511.25, and ended 1.89% up at 522.75, with 525555 shares traded. During the past 52 weeks, the highest stock price was 627.6, and the lowest was 379.55. SYRMA's future price is expected to lie between 452.0 and 740.0, with an average expectation of 587.1, as per the recommendations of 20 analysts.
Technicals
Support and Resistance: At 522.75, the price for SYRMA is supported at 487.9 and resisted at 529.4. This indicates a trading range where 487.9 serves as a support level, potentially preventing further decline, while 529.4 could limit upward movement. Support/Resistance for SYRMA
Aroon: Aroon's bearish trend continues, with Aroon Down remaining fixed at the 100 level. This indicates strong downward momentum for SYRMA, but further analysis with other indicators is essential to fully comprehend the trend's potential impact. Aroon chart for Syrma SGS Technology Limited
Bol. Bands: The latest price movement has seen a crossover above the lower Bollinger Band, following a period where the price was below it. This shift suggests a potential recovery from oversold conditions, with the market possibly starting to turn around. The upward crossover could indicate that the bearish momentum is weakening, and a reversal or pause in the downtrend might be forthcoming. Bolinger Bands chart for Syrma SGS Technology Limited
Parabolic SAR: The PSAR continues its bearish outlook, setting a key resistance level that could limit upward potential. This resistance suggests that the market may struggle to break higher, reflecting ongoing bearish pressure for SYRMA. Parabolic Stop and Reverse chart for Syrma SGS Technology Limited
Stochastic: The Stochastic K-line for SYRMA has moved below the D-line and sits under 20, indicating a mildly bearish signal. This suggests that the market might experience some weakness, though the bearish sentiment is not particularly strong. Investors should stay alert for any additional signals. Stochastic chart for Syrma SGS Technology Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for Syrma SGS Technology Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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