SYNGENE | Read description for all details :)

🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Retraced 50% in the near term swing high and swing low = bullish sign
⭐It's a triangle pattern here also if u see it carefully its kind of A big cup and handle type too :)
⭐Volumes: Today's volumes on 1hr are huge too
⭐Trade is possible only if it closes near the 610-620 LVL range :)
⭐Making higher highs and higher lows on 1hr too before this possible breakout
⭐Risk : Todays low ---- Target: Hold it until u see a reversal :)

🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>


Hi, Apporv This stock was on my watch-list as it was forming the triangle pattern, it gave break out on 27 may and next day it again came back below upper trend line, I think We can not say this as re-test of break out levels. Can you please suggest At which levels we should take entry in this stock now.
+1 Reply
Averoy_Apoorv_Analysis surendrarathore
@surendrarathore, well you are right bro, it happens, this thing is called Apophenia, we make trendlines and systems, we want them to work but they don't and suddenly the same trendline will change a bit and will give a breakout, a good one, so what one can do here is: Increase the risk, take fewer shares, now enter at your first breakout, and sit patiently, SL = lower trendline of triangle pattern = big sl but fewer shares = small risk, that ways even if it comes down its not hitting your sl and when it moves above prev days high or give a good move, simply add more and sit tight now :). Patience is the key, now u should enter if it breaks the trendline I made here, copy this trendline in your chart it might help, take the entry at smaller TF if you want as it might give a very big moment in intraday. just sharing my experiences, hope you were entertained by all this info :)
+1 Reply
I am in the said trade @604/-, what target you are looking for & for how much period ?
+1 Reply
Averoy_Apoorv_Analysis MahendraKolhapure
@MahendraKolhapure, Well what I see is bullishness for now, if it gaps up tomorrow and crosses today's high, and gives a close on 1hr chart above the trendline i made = 640 will be your target 1 :) it might take only take a day to reach there :) then u trail your SL or book your profits :)
I'm also in this trade @600 it retest the trendline today
+1 Reply
@i_sachin9, This is a bullish setup bro so no need to worry :) , keep it simple, if on Daily basis it closes below the trendline = SL and forget about the trade get a better trade, if it breaks out of the trendline in your direction = hold it and don't book so fast, book as per your mindset and emotions, i hope that helped :)
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