POSITIONAL IDEA- syngene internationalthis is just for educational purposes, its not a recomendation
SYNGENE trade ideas
#SYNGENE SHORT-MID TERM VIEWLOOKING BULLISH FOR SHORT TERM.
LONG ABOVE 333
FOR THE TARGETS OF 336.70-344-350-393-430+
SL @319
SYNGENE - Bullish Shark - 4H TFBullish Shark pattern on 4H Chart of SYNGENE. BUY 299-300.2, SL 291.9, Target(s) - 306, 309.
Long Term Investment in SYNGENELong Term Investment in SYNGENE. Buy on any small correction for targets of 935.
Its not possible to share all fundamentals details here. Please check in NSC website. All major fund houses holding this stock.
Bullish Chart Pattern in Steady UptrendThis is one bullish continuation chart pattern in a steady uptrend. The boundaries are well defined, several tests of the top boundary, I prefer those that break-out to All time highs. Target: 840.
Syngene - Bullet EngineIffffffffffffff................ Thennnnnnnnnnnnnnn....... classic case if breaks black line.. question , will it confirm light blue line !!! pattern and not position is important here... i am bullish...
Syngene - Descending triangle!Sell below 593 with the stop loss of 598. Targets are 588, 583 and 578.
SYNGENE INTERNATIONAL- bullish charts Disclaimer.... not invested, interested, need to do FA
not an investing/trading recommendation
SYNGENE - GREAT PATTERNRound bottom / Cup formation in progress.
HH and HL formation suggests upward momentum.
Broad RH and RS pattern adds more conviction on the long side.
Stop 525.
Target 650 plus.
Double Top Formation on This stockThe stock has formed a double top formation on weekly charts and looks bearish for short term.
There has been good volume on the day the stock made the high of 617.45 indicating sell off in the stock.
We can expect the stock to fall at levels of 500/490 and a reversal could be expected from then on. Make sure to keep a Stop loss at 618.
Syngene rounded bottom breakoutdetails on the chart. targets are based on the current depth of rounded bottom, as it scales news targets will emerge.
Potential reversal of downtrend - Syngene International (BUY)Syngene International daily charts show that it has been in a downtrend since 12-Dec-2016 making lower lows and lower highs.
Price broke above the downtrend resistance line in Sep 2017 and seems to have found support at levels of 440-450 (as observed in may 2017)
MACD & On balance volume indicators show bullish divergence as per the chart as observed in the month of May & August 2017 which signal early signs of trend reversal on the charts. Cup and handle pattern formation is also visible on the charts.
Trading Strategy : Buy setup
Buy @ CMP 501.5
1st target @ 550
2nd target @ 600
Stop loss : below 460
Risk/reward ratio : 2.49
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
