whenever a stock rally near or at ATH never look for the retracements instead look for valid pullbacks , so, by which can join the rally. Here, NSE:SYNGENE is given an opportunity to participate in the rally by risking 2.5% for the gain of 8.5% or even more and can enter the trade above 28/08/2023 candle's high by placing strict stoploss below the candle's low.
Syngene has been consolidating forming the triangle pattern since several weeks now and has broken out > 615 . We will be seeing good gains in the next few weeks with a target price of 670-680
Only if 529 lvl is broken and closed below in 1 month time frame will be considered a down trend movement.
which willl last long 6 to 9 month that the price lvl come @ 350/-
NSE:SYNGENE midcap stock is forming channel pattern for a year.
Clear rejection from channel's resistance 2 days back, so entry need to be tried after strong breakout.
Pros:
Consistent increase in revenue & profit
Negligible debt
FII & DII increasing stake
Key note : Always follow proper risk management to avoid losing capital from false breakouts as...
There is a beautiful pattern in this stock and today it has given a good BO, from CMP we can aim for 2 Targets after that according to the price action we can aim for higher levels too.
A bit late to the party!
Key highlights:
⚡️ Wyckoff accumulation schematic
⚡️ Range breakout
⚡️ Bullish market structure
⚡️ Volume expansion
A logical setup is to enter on the retest of range high or the previous supply zone (now a demand zone).
Stoploss : 560
Target : 650, 680+.
Disclaimer: This is NOT investment advice. This post is meant for learning...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish, so take positions carefully.
Sector: Pharmaceuticals
Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln
52 week High / Low: 700 / 490.50
P/E ratio of 62.16
Resistance: 634-645-662
Support: 605-588-577
Look for buying opportunities around 633 for a Target of 686 with a stop loss of 616
Upper Circuit 685.30
Lower circuit 560.70
Syngene is trading above its 9, 20 and 50 EMA mark....
again is giving another opportunity to invest in this long term stock
a good portfolio stock
would cross 620 soon..
is for long term
not for intra day trade..
