I found one of the most potential stock to invest with highly potential uptrend
Stock already consolidated for a longer period of time from and formed four bottom which I have mentioned in the charts which is good sign but yes we will have to wait for breakout of the stock and once it get broken out the stock we may achieve the targets mentioned in the...
#SYNGENE
headed towards 680 i.e. bottom of the trading range of 760-680 that is in place since Oct'23
680 has been successfully retested 5 times since Oct'23
Looks like a favorable risk-reward #swingtrade setup for 10% gains in one qtr with buy levels at 680/660 & exit at 760
Sygene is a pharma stock which is consolidating from few months now.
Stock has formed triple bottom pattern near its strong support and now showing signs of reversal
Confirmation is when stock gives weekly closing above 750.
Risky traders can keep this stock in watchlist
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
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!
Date : 03-03-2024
NSE:SYNGENE
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Buy NSE:SYNGENE above 771
Target of 813-854-877-907-939-965-994-1051-1107
SL 600
Strategy : Trendline Support, Strong fundamentals, will have to wait for the confirmation of 20, 50 and 200 SMA crossing Above
Duration few weeks
Please consult your financial advisor before investing
All research for...
Syngene International has broken its daily breakdown and now we can expect journey to 850- 1100. Other factors:
1. RSI is becoming positive
2. Volumes has slowly started picking up, especially buying volumes
3. RSI will improve also as buying picks up
4. EMA 20 is on the verge of cutting EMA 200 showing a strong bullish momentum
"Clean Charts, Easy...
Technical View
Triple bottom pattern
- CMP 748, Can go long above 773
- First Target 820
- 2nd Target 860
- RR 1:1.5
Only for learning. Keep in Watchlist
Happy Trading
#SYNGENE broke out from the base but pulled back from the supply zone into the base.
Several strong bullish candles with good volume are visible on the chart.
There are favorable chances for the stock to rise.
NSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis.
Entry Logic 🎯:
The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at...
