Saregama India – Technical Analysis, Support and Resistance

SAREGAMA is showing a strong bullish trend after breaking out from its previous consolidation range of ₹480–510. The stock has rallied sharply towards its recent high and is currently trading at ₹653.45, up 1.74% in the latest session. It is consolidating near the ₹650–660 zone after the sharp upward move. Support & Resistance: Immediate support is around ₹640–630. Below this, the next support zone is ₹620–610. On the upside ₹657–671 is the immediate resistance zone. A breakout above ₹671 may open the way for further upside. Short-Term Buyers & Holders View: Fresh buying should be considered only after a sustained close above ₹671 with strong volume. Existing holders should monitor the ₹630 support zone. A breakdown below this level may lead to short-term profit booking. Overall: The broader trend remains bullish with the stock trading above its major moving averages. However RSI is near 72 indicating overbought conditions. Some consolidation or profit booking cannot be ruled out at current levels.