vanathi

Syngene goes green!

Long
NSE:SYNGENE   SYNGENE INTERNATIO
12
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

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