Daily Chart Analysis on

SYNGENE

Technical Analysis (Daily Chart) Trend & Price Action: The stock is currently trading at ₹661, showing recovery from recent lows near ₹625. After a corrective phase, buyers are returning around key support zones. Moving Averages: Price has reclaimed 20-DMA & 50-DMA, indicating short-term strength. Stock is attempting to cross 100-DMA (~₹665) which acts as immediate resistance. 200-DMA near ₹705 remains a bigger hurdle for medium-term uptrend. Indicators: RSI (14) ~52: Neutral, showing recovery momentum but not yet overbought. MACD: Bearish crossover still intact, though histogram shows narrowing, hinting at a possible reversal. Parabolic SAR: Recent candles show buy signal formation as dots shift below price. Support & Resistance Levels: Support: ₹640, followed by ₹625. Resistance: ₹665 (immediate), then ₹690–705 (medium-term). Technical View: The stock is showing a short-term pullback. Sustaining above ₹665 could open room towards ₹690–705 levels. On the downside, ₹640 is key support; a break below may weaken momentum.