SYNGENE INTERNATIONAL A STOCK IN MOMENTUM
Syngene International Ltd. is an interesting chart in momentum with following
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Huge Anchor candle formed on weekly chart with high volume
4. Major price supports
20 SMA (daily) 883
50 EMA (daily) 875
20 SMA (Weekly) 864
Super Trend (daily) 864
with cluster of supports in zone of 864 to 885 and Fibonacci extension targets of 980-1018-1068 stock can be good risk reward option to keep on radar
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Huge Anchor candle formed on weekly chart with high volume
4. Major price supports
20 SMA (daily) 883
50 EMA (daily) 875
20 SMA (Weekly) 864
Super Trend (daily) 864
with cluster of supports in zone of 864 to 885 and Fibonacci extension targets of 980-1018-1068 stock can be good risk reward option to keep on radar
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Disclaimer
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