SYNGENE - Ichimoku Bullish Breakout Stock Name - Syngene International Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 646
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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SYNGENE
Syngene Chart Analysis !!📈 Syngene 📉
My Findings :-
1. Breakout from resistance zone.
2. It was in Consolidation since oct 2021 and breakout with strong candle.
3. Close Above Six Month High.
Bias- Long
Target- 670 and 700
SL- 600
RR- 1: 1
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Syngene - breaking out of multi month consolidationSyngene seems to be breaking of an 18 month long (since September 2020) consolidation phase. Apart from a brief weekly excursion As the chart shows, Syngene has managed to close above this strong resistance level with reasonable volumes generating a strong weekly buy
Buy Syngene at CMP and on declines to 630
SL 620 DCB
TGT 740 and beyond
PS: stock faces a minor resistance on the daily chart at ~670. Once this is taken out, the upward momentum will only get stronger
Symmetrical triangle breakout in SyngeneSyngene -> Weekly Chart
A symmetrical triangle breakout in Syngene.
CMP: 648
Targets: 700, 820
Stoploss: 560
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
SYNGENE: TRIANGULAR WAVETRADING STRATEGY: BUY WITH SL OF 600 AND LOOK FOR THE TARGET OF 720/780/845 . Minimum 12% return from cmp in coming weeks.
THEORY:
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-e to get the target of this pattern. However, the measured length can be projected from the breakout level also to get the classical chart pattern (symmetrical triangle) measured target.
Intraday Short trade: watch for trendline breakdownshort below 553 ( trendline breakdown) in Intraday
safe level is below 550 as 550 is also a psychological support
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Intraday Trade: watch for trendline breakdownshort below 550 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Simple Trade Setup | SYNGENE | 10-01-2022 [ INTRADAY]NSE:SYNGENE
Observations:
1) On 1 day time frame, we can see that it has been trading above 200DMA and it immediate breakout level of 640 and support level at 620-623 range.
Please refer below chart : 1 day Time Frame.
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Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SYNGENE looks set for a bada breakout syngene and its peer biocon both showing signs of one side upmove
the stock looks great at cmp for a 15 % up-move to the least
it was into a deep consolidation.
from a good amount of time
the best part about this time is it gave a good spike rejection and that too at lower ends of the box
although sl should be respected
SYNGENE INTERNATIO
Target:- 746
Stoploss:- 650
Duration:- 4 to 5 Weeks ✅
The stock has already breakout through the resistance line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave.