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.
SYNGENE trade ideas
long on syngenemultiple times resistance tested, breakout retest done + inverted H&S pattern
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
Syngene LongView for Long term investment : Not positional swing
Good levels to accumulate if you are a long term view of 2 years or higher timeframe.
The company caters to diverse end-user industries like Pharmaceuticals, Animal Health, Agrochemicals, Consumer Packaged Goods, Chemicals/Polymers.
It has 360+ active customers with engagements with 8 out of the top 10 global pharma companies.
The company holds 400+ patents jointly with clients and has a base of 4200+ scientists.
Note : Q2 2021 results may not be great. If price drops below 600 it is a good accumulation zone
Entry CMP : 598
No target, keep riding the gains.