Syngene International Ltd: Momentum trade. Volumes raising consistently. Price trending above both long and short term MA's. Levels marked on the chart. For better entry make use of VWAP (applies for shorter TF) Please be mindful of your position sizing and risk management for this trade. Happy trading
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Trade active
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Stock is on the move
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Made a intraday high of INR 475.45 on 7th July
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SL was marked in red dotted line on the chart @ 397.55, please exit if SL hits. (CMP: 422.15)
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From INR 437 on July 6th to an intraday high of INR 491.95 today. A decent 12.60% run
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Target Achieved: From 437 to an intraday high of INR 504 on 3rd August.
Trade closed: target reached
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Target Achieved: Book profits or move the SL swing high and it's a free trade