Syngene Long
Updated
Details as provided in the Chart.
Support: 600 and 594 on Closing Basis.
Target: 630 and then 640+.
Reasons:
1. Rising Trend.
2. Above EMA 89 so Trend is positive.
3. Shorts Covered right from levels of 594.
4. Strong Swing Support on Close Basis 594.
5. First Target 630 followed by 640 if 633 is broken.
6. RS also dominating Nifty.
7. Calls Unwinding on 600 and 610.
8. Strong put OI addition at 600.
Support: 600 and 594 on Closing Basis.
Target: 630 and then 640+.
Reasons:
1. Rising Trend.
2. Above EMA 89 so Trend is positive.
3. Shorts Covered right from levels of 594.
4. Strong Swing Support on Close Basis 594.
5. First Target 630 followed by 640 if 633 is broken.
6. RS also dominating Nifty.
7. Calls Unwinding on 600 and 610.
8. Strong put OI addition at 600.
Trade closed: target reached
Target Reached and hence Closing.
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