Syngene International Ltd. - Long Setup (Swing Trade)Syngene International Ltd. has confirmed a breakout above the entry zone, offering a potential swing trade setup.
Here’s the trade plan:
Entry Price: 897.90 (Confirmed after the 15-minute candle broke above the entry zone at 895)
Target: 1027.90
Stop Loss: 828.65 (Stop loss will be triggered if a daily candle closes below this level)
With the entry price confirmed at 897.90 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1027.90 , with a well-defined stop loss at 828.65 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Syngenelong
break outSure! Here's a fun, visually engaging explanation of the pattern and setup for social media using emojis and a clean structure:
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📊 **Syngene International Ltd. - Head & Shoulders Pattern Breakdown** 💡
🔍 **Pattern**: Head & Shoulders (Bullish Breakout)
- 👕 **Left Shoulder**: Price forms a peak.
- 🧢 **Head**: A higher peak, followed by a decline.
- 👕 **Right Shoulder**: A lower peak, matching the left shoulder.
💥 **Breakout**: The price broke **above the neckline** (₹860), signaling a bullish reversal 🚀!
📈 **Last 5 Candles**:
1️⃣ Big green candle 📈 — Strong buying momentum!
2️⃣ Continued rise 📉 — Steady upward pressure.
3️⃣ Smaller candle 🔼 — Trend continues.
4️⃣ Small pause 💬 — Brief consolidation.
5️⃣ Another spike 📊 — Bulls taking over with high volume!
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🔑 **Target**:
🟢 **₹1,094** (Measured move from head to neckline projected upwards)
🔐 **Stop-Loss**:
🔴 **₹843-₹845** (2% below the neckline for safety)
📢 **Summary**:
🔥 Bullish breakout confirmed with volume spikes!
🎯 Target ₹1,094 📊 | 🛑 Stop-loss at ₹843.
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SYNGENE - bullish flagSector: 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.
This is a short term view call.