SYNG:BSESYNGENE FUTURES Analysis
Data as of 2026-03-16 - not real-time
₹410.30
Latest Price
6/10Risk
Risk Level: Medium
Executive Summary
Syngene International is trading at ₹410.3, well below its 20‑day (₹420.8), 50‑day (₹498.5) and 200‑day (₹612.4) simple moving averages, confirming a bearish market bias. The price is anchored near the identified support of ₹381.0 with resistance around ₹458.4, while daily volume has been on a downward trend, suggesting limited buying pressure in the short run.
However, the technical landscape shows early signs of a potential bounce: the 14‑day RSI sits at 34.7 (oversold territory) and the MACD histogram has turned positive, indicating a bullish momentum shift. The stock’s beta is exceptionally low (0.10), implying minimal correlation with broader market swings, yet volatility remains high at roughly 28% over the past month. Coupled with an “Extreme Greed” sentiment index, the broader market enthusiasm could provide a catalyst for a modest recovery.
However, the technical landscape shows early signs of a potential bounce: the 14‑day RSI sits at 34.7 (oversold territory) and the MACD histogram has turned positive, indicating a bullish momentum shift. The stock’s beta is exceptionally low (0.10), implying minimal correlation with broader market swings, yet volatility remains high at roughly 28% over the past month. Coupled with an “Extreme Greed” sentiment index, the broader market enthusiasm could provide a catalyst for a modest recovery.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Price near strong support level
- Decreasing volume limiting upside
- Oversold RSI suggesting limited downside
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- Bullish MACD histogram indicating momentum shift
- Low beta reducing market‑wide volatility exposure
- Potential catalyst from broader market greed sentiment
Long Term
> 3 yearsPositive
Model confidence: 8/10
Key Factors
- Fundamental positioning in India's growing biotech services sector
- Historically strong earnings growth potential
- Sustained low correlation with equity market swings
Key Metrics & Analysis
Commodity Metrics
Spot Price410.3
Futures CurveFlat
Inventory LevelMedium
Supply/Demand RegimeBalanced
USD SensitivityLow
Rates SensitivityLow
Geopolitical SensitivityLow
Technical Analysis
TrendBearish
RSI34.7
Support₹381.05
Resistance₹458.35
MA 20₹420.82
MA 50₹498.51
MA 200₹612.43
MACDBullish
VolumeDecreasing
Fear & Greed Index79.29
Risk Assessment
Beta0.10
Volatility28.07%
Sector RiskMedium
Geo RiskLow
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.