Syngene has broken long term downward trend line and taken support at 473-478 levels.Syngene is bullish for long term. However there is a hidden bearish divergence in the RSI. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH) Can buy this stock on dips or pull back with the stoploss 478. Targets are 520, 535 and 544.
Trade active:
on 3/9/17 @ 511
Comment:
Target 1 reached on 3/10/17
Comment:
Target 2 reached on 3/20/17
Trade closed: target reached:
All targets reached on 3/21/17