SYNGENE trade ideas
SYNGENE ShortLooks weak at the break of the band plotted
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Syngene 15 min chart Trading in rising channel , good support around 575-580, tgt 592/610, hurdle 600
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.
Long- SyngeneGolden cross happened recently go long above price close 612 with stop loss of 525 and target of 870
sell syngene, w Harmonic patternin in daily chartsell syngene in daily chart.
chart patter type- W type Harmonic pattern
cmp 593
target 580
sl 607 previus candle high
trading duration 1-2 days
syngene ...a good VCP consolidation retesting the trend line and BO.
SL - 616
T1 - 669
T2 - upper limit of trendline
*** MANAGE RISK ***
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 LongDetails as provided in the Chart.
Support: 600 and 594 on Closing Basis.
Target: 630 and then 640+.
Reasons:
1. Rising Trend.
2. Above EMA 89 so Trend is positive.
3. Shorts Covered right from levels of 594.
4. Strong Swing Support on Close Basis 594.
5. First Target 630 followed by 640 if 633 is broken.
6. RS also dominating Nifty.
7. Calls Unwinding on 600 and 610.
8. Strong put OI addition at 600.
SyngeneSyngene International
Hidden Divergence seen
Buy near 583
Target 659
SL 530
This chart is for educational purpose only
breaking and respecting trendlinesyngene has strong support at 600 and it recently broke its trendline and after breaking it retested the trendline from there we have seen a great upside move. tomorrow i believe if it sustained above 600 we can see target for 615 and 630.
Buy at 627.5 SL 615 TGT 641Suggestions are based on my analysis only. Please do your analysis before taking any trade.
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 Long idea Analysis mentioned over chart. Looking good above 587.5 level. View negates below 578 level
syngene looks hot - go longSyngene international looks really hot - try to buy them at the support area and go long.
syngene - bullish harmonic -weeklysyngene - bullish harmonic -weekly
can see upside 565-590-608
negation candle closing below 525
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
#SYNGENE - Monthly Chart Support at 510-460 levels now at 540#SYNGENE on monthly chart has strong support at 510-460 levels.
510 is the Aug'20 high , which got taken out in Sep'20 with 510 as the Break-out level.
510 was subsequently retested in Oct'20 & post which has not been tested again.
510 should act as support in coming times.
For people holding long, 460 ( on monthly close) should be strict stop loss
Syngene - AB=CD Bullish PatternEntry Price = 594.25
Stop Loss = 550.70
Target = 672
For Education Purpose Only
Syngene looks good for a long entrySyngene was clearly breaking structures to the forming an uptrend . It was consolidating for a quite long time since July. In a smaller timeframe it has been breaking structures to the upside. Now there are two scenarios already has it been triggered a long entry
SYNGENE INTL - Inv Head & ShoulderRide the pattern. Nothing much to explain here.
An Inverted Head and Shoulder pattern formed here.
