breakout
📈 Daily Watchlist Update: Potential Breakout 📊
Stock Name: Syngene International Ltd 🧬
Current Status:
The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀.
💡 Buy Conditions:
Buy 1 - Discount Zone Approach:
If the stock retraces to the ₹900-₹880 range, it's considered a discount zone.
Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask!
Stop Loss (SL): ₹800.
Buy 2 - Conservative Approach:
If the retracement breaks the ATH at ₹960, then consider entering.
Stop Loss (SL): The recent low post-breakout.
⚠️ Trading Rules:
✅ I will only trade if one of these two conditions occurs.
⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅.
💪 The focus is on discipline and sticking to the plan.
📖 Educational Note:
This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
Stock Name: Syngene International Ltd 🧬
Current Status:
The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀.
💡 Buy Conditions:
Buy 1 - Discount Zone Approach:
If the stock retraces to the ₹900-₹880 range, it's considered a discount zone.
Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask!
Stop Loss (SL): ₹800.
Buy 2 - Conservative Approach:
If the retracement breaks the ATH at ₹960, then consider entering.
Stop Loss (SL): The recent low post-breakout.
⚠️ Trading Rules:
✅ I will only trade if one of these two conditions occurs.
⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅.
💪 The focus is on discipline and sticking to the plan.
📖 Educational Note:
This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
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