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SYNGENE INTERNATIONAL LTDSYNGENE INTERNATIONAL LTDSYNGENE INTERNATIONAL LTD

SYNGENE INTERNATIONAL LTD

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SYNGENE trade ideas

Will history Repeat?Hello mates, Sharing monthly chart of Syngene International as I observed a flag and pole breakout on this time frame after doing mega consolidation of years as mentioned on chart following with the identification of it's previous trend so now as you can see when it did years of consolidation before previous breakout and when broke that consolidation it got almost doubled from there about 90% so it is gives again a similar breakout with same pattern so I am expecting the similar target of 90% again it is not about over expecting mine view is only chart based, company also doing good sharing some financial parameters below 1- Revenue almost Grow 70% from 2019 till date from 1825 Cr to 3192 Cr. 2- Net profit almost Grow 40% from 2019 till date from 330 Cr to 465 Cr. 3- Mutual funds also increasing stake it is good sign for coming future of company. 4- Basic and Diluted Eps is also growing 5- Growing Book value Nothing great happens overnight, just focus on making progress to get closer to your goals everyday. Just be patient and enjoy the journey without losing focus. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:SYNGENELong
by AMIT-RAJAN
14
PRICE RSI DIVERGENCE DILEMMA SYNGENE has been in an uptrend since Feb’23. However, since beginning of May’23 the uptrend has been marked by bearish divergence on the RSI. Traditional RSI theory preaches that a bearish divergence, particularly above 70 RSI level, can potentially reverse the trend to the down side. The case of SYNGEN defies that theory, even considering that Technical Analysis is probabilistic. Consider how many bearish divergences (marked in blue) are there on the RSI, below the primary purple divergence line. SYNGENE has rallied over 16% since beginning of the divergence. Late Andrew Cardwell has done some stunning original research on the RSI subject and fascinatingly used RSI concepts for Bullish, Bearish, and Trend-less markets. He postulated that: 1. In uptrends RSI stays above 40 level and usually moves in the range of 40 and 80, as price keeps making higher highs and higher lows. 2. In downtrends RSI stays below 60 level and usually moves in the range of 60 and 20, as price keeps making lower highs and lower lows. 3. In trend-less sideways markets RSI usually stays between 60 and 40 range as price keeps making irregular highs and lows, mostly travelling eastwards. 4. Bearish divergences are common in bull trends and bullish divergences are common in bear trends. I am not talking about other divergences Cardwell proposed as the focus now is on the interesting three-month long bearish divergence. Bearish divergence with price on the RSI is indicative of a regular correction in the ongoing uptrend that keeps making higher highs and higher lows despite the divergence prolonging into months. However, if the divergence persists and pushes RSI below 40 level, into the bear territory, a probable change in the market structure to a downtrend can be expected. If RSI does not enter bear territory, below 40, even after much prolonged divergence to price, what happens to the divergence. At any time, after the divergence and before RSI moving below the 40 level, RSI crosses back up the primary divergence line the divergence gets negated. Somehow technicians do not talk much about the negation of divergence concept. Coming back to SYNGENE, how long does the divergence persist? Will it negate? When will it negate? Only future price and RSI action can tell. Till that time enjoy the uptrend. “A trend is a trend: all are friends. If you buck one you must make amends. If the old one reverses, Shout hooray, never curses. Ride the new one up, down; mind the bends!” - Brian Marber
NSE:SYNGENE
by RajuDatla
SYNGENE - Ichimoku BreakoutStock Name - Syngene International Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 813 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:SYNGENELong
by nikunjbhadja
Syngene India- Basing out & risks to consider before getting inSyngene has been a star performer in the F&O space. I personally had this position on and sold off near 750. Now it gave shakeout down to 735 and seems to be setting up again. Risks to consider if looking at the stock Earnings coming up - should be good, but a risk always Overall pharma sector looking good & breaking upwards which is positive This stock tends to give shakeouts of about 2-3% down (did it once from 730 back to 690 and then from 770 back to 730. So if you get in, size accordingly and dont keep tight stop Selling put spreads when it does give a shakeout is probably the very best way to play this stock (until it breaks the 21 EMA - which at some point it will) Keep an eye on volumes - every previously shakeout was on lower than average vols Use the F&O as well as cash equity to get the best out of this name - happy trading.
NSE:SYNGENELong
by kunal_finner
2
SYNGENE - Ichimoku BreakoutStock Name - Syngene International Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 782 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:SYNGENELong
by nikunjbhadja