Will history Repeat?

Hello mates, Sharing monthly chart of Syngene International as I observed a flag and pole breakout on this time frame after doing mega consolidation of years as mentioned on chart following with the identification of it's previous trend so now as you can see when it did years of consolidation before previous breakout and when broke that consolidation it got almost doubled from there about 90% so it is gives again a similar breakout with same pattern so I am expecting the similar target of 90% again it is not about over expecting mine view is only chart based, company also doing good sharing some financial parameters below

1- Revenue almost Grow 70% from 2019 till date from 1825 Cr to 3192 Cr.

2- Net profit almost Grow 40% from 2019 till date from 330 Cr to 465 Cr.

3- Mutual funds also increasing stake it is good sign for coming future of company.

4- Basic and Diluted Eps is also growing

5- Growing Book value


Nothing great happens overnight, just focus on making progress to get closer to your goals everyday. Just be patient and enjoy the journey without losing focus.


KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk



𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧

Comment:

MAKING NEW 52 WEEK HIGHS

Comment:

I THINK IT IS GOING TOO FOR TRADERS ALSO AFTER A BULLISH BREAKOUT

Comment:

YOU CANNOT LEARN WITHOUT MAKING MISTAKES

Trade active:

YESTERDAY REPORTED A GOOD QUARTERLY RESULT TOO AND PRICE IS HEADING TOWARD TARGETS IN HIGHER HIGHS FROMATIONS ON WEEKLY AND DAILY CHART GAINED 20% SO FAR LONG WAY TO GO NOTHING ONLY I AM HOLDING THIS BREAKOUT.

Comment:

After published breakout it reached to 860 from 677 it was in good gains near about 25%, so now i am observing that price is hovering near about to it's breakout levels so if breakout retest will happen i will add some more position in it as a considering a fresh entry.

Retest view-:
Added retest level in this update