📈 Supriya Lifescience Ltd. – RSI & Price Breakout, Approaching All-Time High

Supriya Lifescience is showing strong technical momentum, with both RSI and price breaking key resistance levels. The stock has crossed above its 30-week SMA decisively and is now testing its all-time high (ATH) zone — a critical area that could trigger further upside if follow-through continues. 🔹 Technical Overview Pattern: Descending Trendline Breakout → ATH Retest Resistance Zone: ₹835–₹850 (previous all-time high region) Support Zone: ₹750–₹770 (prior resistance turned support) Moving Average: Sustained close above 30-week SMA (₹700) confirms trend reversal strength. RSI: Breakout from consolidation box (highlighted) and now above 65 — strong bullish momentum. OBV: Steady rise confirming accumulation in the last few weeks. Relative Strength: Turning positive vs. benchmark — outperforming peers. Volume: Rising participation, validating the breakout strength. 🔹 Interpretation ⚙️ The breakout from the descending red trendline with price closing above key averages shows clear trend resumption. ⚙️ RSI breakout above 60 after a long consolidation adds momentum confirmation. ⚙️ The stock is approaching its ATH, and a weekly close above ₹850 on volume would likely signal a fresh breakout into uncharted territory. 🟢 View A follow-through move above ₹850 with strong volume could open the next leg higher toward ₹950–₹1,000 in the medium term. On the downside, ₹750 acts as immediate trend support. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)