Supriya Lifescience Limited (SUPRIYA) Stock - Complete Technical Analysis - Dec 06, 2024

Supriya Lifescience Stock Analysis Technical Trends & Key Levels for December 2024

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) is showing a solid uptrend as it trades at 773.90, 7.34% below its 52-week high of 835.20. The stock has gained significantly, up 187.8% from its 52-week low of 268.90. Key indicators like the RSI at 63.04 and MACD confirm that the stock is not in overbought territory but still shows strong bullish momentum.

The moving averages support a positive outlook, as the stock is trading above its 10-day and 20-day EMAs, which are at 769.74 and 734.49, indicating a continuation of the uptrend. The Hammer candlestick pattern found on December 6th suggests a potential reversal, but traders should wait for confirmation of the trend.

A pullback to the support level at 743 could provide an opportunity for entry, while resistance is seen near the 52-week high of 835. The stock's ATR of 16.96 signals increased volatility, making it crucial for traders to manage their positions carefully with appropriate stop-loss strategies. Overall, while the stock shows promise, the 835 resistance and 743 support levels are critical for determining the next move.