Chart of the Week (17/7/21)Syngene has given a big breakout and the targets can be endless in this one. Keep Stop Loss at Rs.640, Syngene is a very strong stock fundamentally as well.
SYNGENE trade ideas
SYNGENEMissed it 20 % in 2 days, waiting for a breakout but missed
Learning next time will put GTT on breakout level with buffer or keep alert
SYNGENE INTERNATIONAL Triangle PatternNSE:SYNGENE Levels already mentioned.. Good for swing.
Extra tip: Debt free and even other fundamentals are not bad with the company.
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
SYNGENEIF BREAKOUT HAPPENS THEN SYMMETRIC TRIANGLE PATTERN WILL BE CONFIMED..BREAKDOWN HAPPENS THEN FAILURE OF THE PATTERN...NO PATTERN IS CONFIRMED UNTIL IT SHOWS BREAKOUT..FOR LEARNERS ITS GOOD STUFF TO OBSERVE
Syngene International LtdBuy when it closes above 596 keeping a SL @554 on closing basis, small hurdle near 615-625.
Near term target-615, 625, 640.
Final target- 700+
Syngene International Volatility Compression Potential BreakoutPositional Trade: Syngene International has been been witnessing successive bouts of compressing volatility since April. With Fibonacci Ratio confirming, it is now on the cusp of coming out of the pressure zone with rising bouts of volatility.
Buy: Syngene Internaitonal
CMP: 588
Target: 620
Stop Loss: 579
Holding period: 1 Month
7% is going nowhere if you enter good - SYNGENE - Read Details👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
📌 Strategy: Beautiful and long consolidations like this are not only amazing but also tells the story of a mover in making.
🗝 Pattern here is a symmetrical triangle - meaning bulls and bears have the same amount of power until the day of breakout or breakdown
🗝 The chart here is of Daily time frame
🗝 As of now, the chart hasn't given a breakout so you need to add it to the watchlist only and wait for the stock to break the yellow line with power and close on the Daily Time frame
🗝 The risk would be candles low ( daily candles low)
🗝Enter with small capital only that will not give you the pain to watch it every other second :) = #peacefulltrading
🗝 The nature of the trade would be to swing trade
⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Syngene, waiting for the opportunity.Details mentioned in charts.
Either side BO will give good moves.
Keep an eye.
SYNGENE | Read description for all details :)🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Retraced 50% in the near term swing high and swing low = bullish sign
⭐It's a triangle pattern here also if u see it carefully its kind of A big cup and handle type too :)
⭐Volumes: Today's volumes on 1hr are huge too
⭐Trade is possible only if it closes near the 610-620 LVL range :)
⭐Making higher highs and higher lows on 1hr too before this possible breakout
⭐Risk : Todays low ---- Target: Hold it until u see a reversal :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Syngene in Symmetrical Triangle#SYNGENE
Has formed a symmetrical triangle pattern on hourly charts.
Trade on breakout and confirmation.
SYNGENE WEEKLY CHART ANALYSISSYNGENE making head & shoulders
No Trade Suggestions !!!
Please comment your view.
Thank you
SYNGIENEReady to Breakout.
high demand zone.
good results expected.
has potential to double from here in an year.
KEY LEVELS TO WATCH IN SYNGENE !!!Watch out this turtle, Slow and steady always wins the race.
Key levels to watch out are mentioned in the chart.
SYNGENE INTERNATIONAL 1W TF Accumulation since the past 4 years, A good breakout and Marking-up.
Watch the price action around 0.618 closely.
#SYNGENE is ready to bounce back after FibonacciretracementAfter retracement of 31% on weekly chart. Syngene is ready to bounce back.
Syngene - Could bottom outHad in the past shared that the stock was weak and would gravitate towards the 200EMA which is the Red Line. The stock is now very close to that line and would make for a good risk/reward buy esp if it bounces.
Long on any bounce with a SL below 510 for short term traders and 490 for positional traders.
Fundamentally a great company which will keep growing from strength to strength in the long term.
