SYNGENE📉 **Possible Reversal for SYNGENE?**
The **SYNGENE International Ltd (NSE) daily chart** suggests a potential **bullish reversal** or **continued bearish trend**, depending on key price action around the support level. Here are the key insights:
🔹 **Support Zone:** The stock is holding near **660 - 668 INR**, a historically significant level.
🔹 **Bounce or Breakdown?** A clear break below this zone could lead to further downside toward **640 - 620 INR**, while a bounce may push it higher.
🔹 **Moving Average Factor:** The price is still below the **50-day moving average**, indicating a downtrend, but a reversal could occur if it reclaims this level.
🔹 **Risk-Reward Setup:** A long trade from **660 INR** targeting **700 INR** offers a decent risk-to-reward ratio, while a breakdown trade could target **640 INR**.
💡 **Bullish Scenario:** If support holds, SYNGENE could bounce back toward **700 - 720 INR** in the coming sessions.
⚠️ **Bearish Risk:** A breakdown below **660 INR** may lead to further declines, continuing the downtrend.
📊 **Overall Sentiment: Watch for Reversal or Breakdown ⚖️**
