Syngene - Could bottom out

Had in the past shared that the stock was weak and would gravitate towards the 200EMA which is the Red Line. The stock is now very close to that line and would make for a good risk/reward buy esp if it bounces.
Long on any bounce with a SL below 510 for short term traders and 490 for positional traders.

Fundamentally a great company which will keep growing from strength to strength in the long term.

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Hopefully done today 🤞 , would you pick it up ?
+1 Reply
rk10 arpanmehta15
@arpanmehta15, No..Didnt bounce so didnt bother..
+3 Reply
sir what parameters do you use to set up for system alert in trading view or if any other way ? EMA crossovers ? If yes can you share....thank you
rk10 arpanmehta15
@arpanmehta15, This one is more a hybrid of having the 50WEMA as support + Gap Fill.. I also analyse the stocks fundamentally so sometimes its more about a fundamentally strong stock not falling badly..
@rk10, thank you.
I see one head and shoulder... if it rejects from 600 then 400 would be the target
rk10 kushalgangan
@kushalgangan, It is at a strong support right now..it shouldve bounced..But yes if this doesnt hold then 400 opens up as a target..
+1 Reply
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