Syngene International Ltd

Dec 1

The chart for Syngene International Ltd clearly shows a Cup and Handle pattern, a bullish continuation setup. The "cup" formed between mid-2022 and late 2023 indicates accumulation, followed by the "handle" as a brief consolidation near resistance around ₹940-₹950. The recent breakout above ₹940, supported by strong volumes, confirms this pattern. Based on the depth of the cup (₹240), the target price is projected at ₹1,180, with a stop-loss below the handle's low at ₹870. This breakout suggests strong bullish momentum, making the stock attractive for further upside as long as the breakout sustains.