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Technicals for Syrma SGS Technology Limited
By MusingTheNews
2025-05-30 20:57
Overall Technical outlook
Price Summary
On 2025-05-30, SYRMA's stock opened at 540.1, reached a peak of 542.5, dropped to 534.0, and ended -0.24% lower at 538.8, with a volume of 425973 shares. Over the past year, the stock's highest price was 627.6, and its lowest was 379.55. The projected price range for Syrma SGS Technology Limited is between 452.0 and 740.0, with an expected mean price of 587.1, according to 20 analysts.
Technicals
Support and Resistance: The price currently sits at 538.8, finding support at 529.4 and resistance at 563.45. These levels define a range for Syrma SGS Technology Limited where the price may move, with 529.4 offering a base and 563.45 limiting upward momentum. Support/Resistance for SYRMA
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for Syrma SGS Technology Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. 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 is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Syrma SGS Technology Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages indicates a bearish trend, with continued downward momentum. However, the slower SMAs appear to be losing steam, which may suggest a potential pivot. This weakening in the bearish trend could be an early indication that the market is preparing to shift towards a bullish direction, with a possible reversal on the horizon. Tripple SMA chart for Syrma SGS Technology Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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