Supriya Lifescience Limited (SUPRIYA) Stock - Complete Technical Analysis - Aug 30, 2024

Supriya Lifescience Stock Analysis: Bullish Trend

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Analyzing Supriya Lifescience Limited (SUPRIYA) stock, the current price of 545.75 is showing a strong bullish trend. The Average Directional Index (ADX) is high, suggesting a strong trend. The Relative Strength Index (RSI) indicates the stock is nearing overbought territory but remains robust. Stochastic %K supports this with high values, though the Stochastic RSI indicates some potential overbought conditions. The MACD level is positive, reflecting a strong upward momentum, while the Momentum indicator confirms the bullish sentiment. The Awesome Oscillator is also positive, reinforcing the trend strength.

Support levels are identified around the Classic Pivot S1 at 369.6, Camarilla S1 at 393.55, and Fibonacci S1 at 375.49. Resistance levels are evident near the Classic Pivot R1 at 426.3, Camarilla R1 at 403.95, and Fibonacci R1 at 418.81. Moving averages show the stock trading above most major moving averages, with the Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) confirming the bullish trend. The Ichimoku Base Line and Volume Weighted Moving Average are above the current price, suggesting a potential challenge at these resistance points.

Chart patterns indicate that the stock is currently trading near its 52-week high, with a notable percentage difference. The Average True Range (ATR) reflects moderate volatility. Overall, while the stock exhibits strength, traders should be cautious of potential resistance levels and overbought signals.