Syngene has formed double bottom pattern near it's strong support zone and if it sustains above this zone, we may expect high targets of 735, 800 and 850 in medium term.
Buy position can be taken around 700 and add more if comes down towards 680 - 670 zone for the mentioned targets.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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 813
#This is not Buy and Sell recommendation to any one. This is for...
Breaking out of long term consolidation
Look only at the weekly and monthly charts - daily charts fairly irrelevant here
A 10-15% rally could happen if the stock gathers some momentum and get volume behind it
Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures
The stop will need to be at a level of 580 or when the...
SYNGENE is being consolidated for quite a long time now it's looking for good move.
SYNGENE Above 690 (SL :660 to 649) Target 739,773, 855 (Risk to reward 1:2 to 1:9)
syngene international is that i follow last 2 year that share hold multiple chart patterns range breakout flag pattern brekaout that time that create a channel and ready to give reversal on down rising channel now share price is 580 TRG 640/680/740/800 and for long term investors that share will reached 1000 in next few weeks
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...
📈 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...
TRADING 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....
