Supriya Lifescience Limited (SUPRIYA) Stock - Complete Technical Analysis - Nov 26, 2024

Supriya Lifescience Stock Analysis: Price, Support, Resistance & Indicators Explained

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. Supriya Lifescience Limited (SUPRIYA) stock is currently trading at 794.90, slightly below its 52-week high of 833.40, reflecting a strong uptrend. However, there are a few cautionary signals. The stock is exhibiting indecision with a "Spinning Top" candlestick pattern, which signals that buyers and sellers are at a standoff. The RSI of 75 is in the overbought range, suggesting that the stock could face a pullback soon. The stock has recently traded below some of its shorter-term moving averages, indicating potential short-term weakness.

The support levels are around 785 and 750, while the resistance is at 808. If the stock manages to break the resistance of 808, it could move higher toward the 52-week high. On the other hand, if it falls below 785, the stock may retest the support at 750.

Additional indicators such as MACD and Stochastic RSI are showing strong bullish momentum, but traders should be cautious of potential overbought conditions. The ADX at 33.43 shows that the stock is in a strong trend, but its overbought status could cause a temporary pullback. Watch these key levels for further price action, and be ready for either a breakout or consolidation.