Syngene International Ltd Long Trade

Sep 5

This stock had formed a Flag and Pole Pattern. Price broke out of the said flag pattern during second half of 2023. Made a new swing high post which the stock retested the breakout level which now acts as support. There was follow up buying post retesting of support level. Now the stock has given a breakout of the previous swing high indicating trend continuation. This stock can be added at current levels to achieve Flag and Pole pattern target of 1100-1150 level with a stop loss of 850.