#Intraday Short Setup #Stockmarket #Stocktowatch #SYNGENE
SYNGENE INTERNATION
Recent Breakdown seen on Daily and weekly chart.
550 is good psychological level to short, can enter into trade 30% at CMP also.
Safe level is to Short below 535 ( Intraday setup)
For stop-loss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci / pivots level
Always try to book partially and trail.
Stock may test upto 510-500 levels.
NOTE: For Gap-down or breakdown
If gapdown is more than 1% from breakdown level than avoid completely.
if less than 1% or gives breakdown before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Recent Breakdown seen on Daily and weekly chart.
550 is good psychological level to short, can enter into trade 30% at CMP also.
Safe level is to Short below 535 ( Intraday setup)
For stop-loss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci / pivots level
Always try to book partially and trail.
Stock may test upto 510-500 levels.
NOTE: For Gap-down or breakdown
If gapdown is more than 1% from breakdown level than avoid completely.
if less than 1% or gives breakdown before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
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