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Technicals for Saregama India Limited
By MusingTheNews
2025-05-30 20:55
Overall Technical outlook
Price Summary
Saregama India Limited's stock opened at 546.8 on 2025-05-30, surged to 546.8, hit a low of 537.0, and closed up -0.78% at 542.55, with 214286 shares traded. The stock reached its highest price of 674.55 and its lowest price of 443.75 during the 52-week period. The future price of SAREGAMA is anticipated to range from 512.0 to 640.0, with an expected mean price of 599.4, according to the recommendations of 5 analysts.
Technicals
Support and Resistance: At 542.55, the price is supported at 522.2 and faces resistance at 565.55. This range suggests that the price for SAREGAMA might stay between these levels, with 522.2 acting as a floor and 565.55 as a ceiling. Support/Resistance for SAREGAMA
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Saregama India Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Saregama India Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, establishing a key support level that could sustain the market's upward trend. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth. Parabolic Stop and Reverse chart for Saregama India Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Saregama India Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for SAREGAMA is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for Saregama India Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
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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