SYNGENE - Looks good for 10% upside

lazy_kunal Updated   
  • Breaking out of long term consolidation
  • Look only at the weekly and monthly charts - daily charts fairly irrelevant here
  • A 10-15% rally could happen if the stock gathers some momentum and get volume behind it
  • Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures
  • The stop will need to be at a level of 580 or when the momentum dies out - whichever first
Trade active:
Keep holding - dont take profits early

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