Supreme Industries slips below key trend support and MAs

Limited has come under fresh pressure after the latest decline pushed price to around ₹3,364, well below the 20-day average near ₹3,508 and the 50-day average around ₹3,537. The important change is not just the fall itself, but the loss of the short-term trend structure after the August recovery failed to sustain above the ₹3,600 zone. The company remains tied to housing, plumbing, infrastructure and plastic-product demand, so the long-term business theme still has support from construction activity and replacement demand. But this stock is also sensitive to polymer costs and margin swings, which can quickly change sentiment. On the chart, the recent break below both moving averages shows that momentum has turned weak again. The ₹3,340 to ₹3,360 area is now the first support I would watch. If that fails, the next meaningful zone sits closer to ₹3,200 to ₹3,250. On the upside, ₹3,500 becomes the first recovery level, while a move back above ₹3,550 to ₹3,600 would be needed to repair the structure. My view is that the stock is back in a corrective phase and needs to stabilise before any bullish case becomes convincing.