SIGACHI INDUSTRIES LTD

As of May 29, 2025, Sigachi Industries Ltd. (NSE: SIGACHI) is trading at ₹50.35, reflecting a 6.95% increase over the previous close.

📊 Daily Support & Resistance Levels
Based on the latest technical analysis, the key support and resistance levels for Sigachi Industries Ltd. are as follows:

Support Levels:

S1: ₹49.60

S2: ₹48.11

S3: ₹45.88

Resistance Levels:

R1: ₹53.32

R2: ₹55.55

R3: ₹58.00

These levels are derived from pivot point calculations based on the previous trading day's price range.

🔍 Technical Indicators Overview
Relative Strength Index (RSI): The RSI is currently at 87, indicating that the stock is in overbought territory. This suggests that the stock may be due for a short-term correction.

Moving Averages: Sigachi Industries is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple and exponential moving averages, indicating a strong bullish trend.

MACD (12,26): The MACD is currently at 2.15, suggesting bullish momentum.

📈 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for Sigachi Industries Ltd. However, the RSI indicates that the stock is in overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.

Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.