Supreme Industries - Stock Investment Idea Weekly Pick
17 Aug 2026
Swing Trading - Growth Stocks
Supreme Industries shows a potential bullish reversal after finding support near ₹3,120–₹3,250. A triple-bottom pattern, anchored VWAP breakout, trendline support and weekly RSI bullish divergence strengthen the setup. Traders may watch ₹3,500–₹3,600 for accumulation, with ₹4,000–₹4,500 as potential targets.
Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)
- Current Price: 3559
- Buying Price: 3500-3600
- Target Price: 4000-4500
- Stop loss: 3100
- Upside: Up to 26%
- Time Frame: 3-4 months
Stock Technical Analysis
- The stock witnessed a sharp upward move from the 3,095 level, reaching a swing high of 4,739 in June 2026. Following this peak, the stock underwent a retracement and established support in the 3,120–3,250 zone.
- The stock is showing signs of a reversal by forming a triple bottom chart pattern, and it has successfully closed above its anchored VWAP (Volume Weighted Average Price) resistance.
- The stock has taken support and bounced off a long-term trendline with a strong bullish candlestick formation above the POC (Point of Control) support zone.
- The momentum indicator RSI has bounced from the 30 level and is displaying a bullish divergence on the weekly chart, indicating that upward momentum is likely to continue in the coming days.
Traders can look to accumulate SUPREMEIND in the 3,500–3,600 zone, targeting an upside of 4,000–4,500 over the next 3–4 months. A stop loss should be placed below 3,100 on a closing basis.
💡 Learn to find more such setups with our swing trading guide to stay ahead of market opportunities.
Know more about Supreme Industries Ltd.
Website: https://www.supreme.co.in//
Supreme Industries is a diversified Indian manufacturer of plastic products, with businesses spanning piping systems, packaging, industrial products, consumer products and related polymer solutions.
Supreme Industries Limited Stock Analysis Swing Trading – Key Investor FAQs
What is the current technical setup for Supreme Industries?
Supreme Industries is showing a potential bullish reversal after finding support in the ₹3,120–₹3,250 zone. A triple-bottom pattern and anchored VWAP breakout support the setup.
What are the key buying levels for SUPREMEIND?
Based on the supplied technical setup, traders may consider the ₹3,500–₹3,600 zone as an accumulation range, subject to their risk profile and market conditions.
What are the potential targets for Supreme Industries?
The stated technical targets are ₹4,000 and ₹4,500 over a potential three-to-four-month timeframe.
What does the RSI indicate for SUPREMEIND?
The weekly RSI has bounced from the 30 level and shows bullish divergence, indicating improving momentum. RSI signals should be evaluated alongside price and volume trends.
What is the suggested stop-loss for SUPREMEIND?
The supplied setup indicates a stop-loss below ₹3,100 on a closing basis. Traders should consider position sizing and volatility before entering a trade.
What are the key technical signals supporting Supreme Industries?
The setup includes triple-bottom support, an anchored VWAP breakout, long-term trendline support, a bullish candlestick formation and weekly RSI bullish divergence.
Before You Trade, Strengthen Your Foundations with These Guides
- For a stronger understanding of indicators such as RSI, VWAP, and trendlines, check our 👉 Technical Analysis Fundamentals section.
- Want to refine your risk-reward planning? Explore our insights on 👉 Position Sizing & Risk Management Strategies.
- Learn about Momentum Trading vs Swing Trading in India here
Disclaimer: - Investments in securities market are subject to market risk, read all the related document carefully before investing. https://www.mnclgroup.com/research-disclaimer
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