Long SyncomGood sector tailwinds.
Improving fundamentals
at inflection point making a new higher highs and higher lows.
cmp 21.85
sl 20
target 30
SYNCOMF trade ideas
Syncom Formula - Best Above 14. Syncom Formula - Sector tailwinds and push for generics the stock may rise from here
Please note this is still considered to penny stock with decent fundamentals. However don't go overboard and use only 1/2% of your capital. This stock will definitely test your patience.
Use Buy on dip strategy.
One can enter above 14 with stop loss of 12.
Disclaimer : Educational content. Please do your own research
Syncom Formulations (India) LtdSYNCOMF - focus penny stock lover
Penny stock high risk higher reward
This is my view and it may be biased, do your own analysis
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in SYNCOMF
BUY TODAY SELL TOMORROW for 5%
SYNCOMFSyncom Formulations (India) Ltd is in bullish. Small Target in Weekly chart. Target is 13 around.
Trend is healthy.
#SYNCOMF Weekly Chart AnalysisHello, fellow traders and investors! 📊 Let's delve into a thorough analysis of SYNCOMF's weekly chart, unearthing a compelling blend of a demand zone touch, evident RSI support, and the unique considerations of dealing with a micro-cap company. 📈💼
📈 Technical Insights:
✨ Demand Zone Influence: SYNCOMF's chart encounters a pivotal touch within a strategic demand zone, a possible catalyst for potential price support and movement. ⚖️📊
✨ Evident RSI Support: A distinct RSI support zone comes into play, offering valuable insights into possible market trends. ⚖️📊
💼 Trade Strategy:
🔍 Entry Point: Consider initiating a position at the current CMP of 8.4 on SYNCOMF.
🛡️ SL Placement: Prioritize a disciplined approach by setting a stop-loss at 7.8 to manage potential risk.
🎯 Target Zone: Set your eyes on Target 9.80, aligning your goals with the technical indicators that hint at potential growth! 🎯🚀
🚨 Important Note: Micro Cap Caution 🚨
Trading micro-cap stocks entails unique considerations due to their size and inherent volatility. Thorough research, cautious investing, and staying informed are essential.
Remember, trading micro caps can be rewarding but demands an extra layer of diligence.
Stay informed, stay empowered, and make well-calculated trading decisions. 🕵️♂️📚
#SYNCOMF #MicroCapInvesting #StockMarket #TechnicalAnalysis #DemandZoneTouch #RSISupport #InvestingWisely
(Note: This analysis is based on available information and isn't financial advice. Always conduct thorough research and consult with experts before making investment decisions.)
SYNCOMFNo fundamental view.
No idea as to how good or bad this company is.
Only Technical view
If starts to stay above 10 we may see some trending moves.
SL can be kept below 8
Syncom Formulations - Multi Year BreakoutSyncom Formulations - Multi year breakout.
Forming a good base, supported with Good Volumes.
*For Educational Purpose and is definitely not a recommendation
~G
Syncom Formula - Chart AnalysisI am learning Technical Analysis and this is for educational purpose.. not to be considered as Recommendation
syncomIn 2040 pharma is booing up , my investment strategy is 70% is stable stocks and remaining ,15% is mind cap ,15 allways in penny stocks
good future for pharma , I find the penny stocks in pharma ,#syncom . now good start to form up trend ,
Syncom formulationRetested trendline on daily timeframe also huge volumes has been seen.
keep holding for long term...fresh entry only after 15.
Target - 50+
4-5 Years
Idea for SYNCOM FORMULATIONS (I) 1D Time Frame. BSE:SYNCOMF
Just for Study and Observational purpose.
Syncom Formulation breaking outLooks like a good break out from the down trending channel. Looks good to double from these levels. High risk high reward.
