SYNGENE is forming channel patternNSE: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 this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
