Technical Trend Overview and Price Movement
As of 2 Feb 2026, Synergy Green Industries Ltd closed at ₹525.00, up from the previous close of ₹519.00. The stock’s intraday range was between ₹488.45 and ₹526.00, reflecting some volatility but overall positive momentum. The 52-week high stands at ₹632.35, while the 52-week low is ₹344.00, indicating a substantial range of price movement over the past year.
The technical trend has shifted from bearish to mildly bearish, signalling a tentative improvement in market sentiment but still cautioning investors. This nuanced change suggests that while selling pressure may be easing, the stock has yet to establish a clear bullish trajectory.
MACD and RSI: Divergent Signals
The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart, indicating that the short-term momentum is still under pressure. However, the monthly MACD has improved to mildly bearish, hinting at a possible bottoming out or a gradual shift towards positive momentum over a longer horizon.
In contrast, the Relative Strength Index (RSI) presents a more optimistic view. The weekly RSI currently shows no definitive signal, suggesting a neutral momentum in the short term. Meanwhile, the monthly RSI has turned bullish, reflecting strengthening buying interest and potential upward price movement over the medium term. This divergence between MACD and RSI underscores the mixed technical environment surrounding Synergy Green.
Moving Averages and Bollinger Bands Analysis
Daily moving averages are mildly bearish, indicating that the stock price is trading slightly below key average levels such as the 50-day and 200-day moving averages. This suggests some resistance to upward price movement in the near term. Meanwhile, Bollinger Bands provide a mixed signal: weekly bands are mildly bearish, implying the stock is closer to the lower band and may be under selling pressure, but monthly bands are bullish, indicating a potential for price expansion and volatility on a longer timeframe.
Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) oscillator remains bearish on the weekly chart and mildly bearish monthly, reinforcing the cautious stance on momentum. Dow Theory readings offer a mildly bullish weekly signal but no clear trend monthly, suggesting some short-term optimism that has yet to be confirmed over longer periods.
On-Balance Volume (OBV) shows no clear trend on either weekly or monthly charts, indicating that volume flow is not decisively supporting either buying or selling pressure at present.
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Comparative Performance: Synergy Green vs Sensex
Synergy Green Industries Ltd has outperformed the Sensex significantly across multiple timeframes. Over the past week, the stock returned 3.25% compared to the Sensex’s decline of 1.00%. Over one month, Synergy Green surged 11.35% while the Sensex fell 4.67%. Year-to-date, the stock gained 2.23% against a Sensex drop of 5.28%. The one-year return is particularly impressive at 28.99%, dwarfing the Sensex’s 5.16% gain.
Longer-term returns are even more striking: over three years, Synergy Green has delivered a 258.24% return compared to the Sensex’s 35.67%, and over five years, the stock’s return of 400% vastly outpaces the Sensex’s 74.40%. These figures highlight the company’s strong growth trajectory despite recent technical caution.
Mojo Score and Market Capitalisation Insights
MarketsMOJO assigns Synergy Green a Mojo Score of 26.0, categorising it as a Strong Sell. This is a downgrade from the previous Sell rating, effective from 30 Jan 2026. The Market Cap Grade is 4, indicating a relatively modest market capitalisation within its sector. The downgrade reflects the technical uncertainties and the mixed signals from momentum indicators, suggesting investors should exercise caution.
Sector and Industry Context
Operating within the Castings & Forgings industry, Synergy Green faces sector-specific challenges including raw material price volatility and cyclical demand patterns. The sector has seen mixed technical trends, with some peers showing stronger momentum. Synergy Green’s mildly bearish technical stance contrasts with some industry players that have demonstrated more robust bullish signals, underscoring the need for investors to carefully weigh sector dynamics alongside company-specific factors.
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Investor Takeaway and Outlook
Synergy Green Industries Ltd’s recent technical developments suggest a cautious but potentially improving momentum. The mixed signals from MACD, RSI, and moving averages indicate that while short-term momentum remains under pressure, medium-term indicators are showing signs of bullishness. Investors should monitor the stock’s ability to break above key moving averages and sustain gains above the ₹525 level to confirm a more definitive uptrend.
Given the strong historical returns relative to the Sensex and the company’s sector positioning, Synergy Green remains an interesting candidate for investors with a higher risk tolerance. However, the current Strong Sell Mojo Grade and the downgrade from Sell highlight the importance of prudence and the need to consider alternative opportunities within the Castings & Forgings sector or broader market.
Technical traders may find value in watching the weekly MACD and KST oscillators for signs of a sustained bullish crossover, while fundamental investors should keep an eye on sector developments and company earnings updates to gauge longer-term prospects.
Conclusion
In summary, Synergy Green Industries Ltd is navigating a complex technical landscape with a mild shift away from bearishness but no clear bullish confirmation yet. The divergence among key indicators such as MACD and RSI, combined with modest daily price gains, suggests a stock in transition. Investors should balance the company’s impressive long-term returns against the current technical caution and consider their investment horizon and risk appetite carefully.
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