SNGPSNGP is hovering above 200 day EMA, a possible pull back can be expected from 61 which is supporting trend line. Initial resistance lies around 65.70 while secondary resistance lies around 67.30.
SNGP trade ideas
SNGP🚀 Stock Alert: SNGP
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range: 66.50-66.75
🎯 First Target: 68
🎯 Second Target: 70
🎯 Third Target: 72
⚠ Stop Loss: 65
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
SNGP in ABCD patternSNGP is forming ABCD reversal pattern. Point D is possible reversal zone.
Trade has been set considering price will break point B
SNGP | Adam & Eve PatternSNGP displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (64-65.50 range), while setting stop loss orders below the bottom of EVE to manage risk effectively.
Anticipation builds for a substantial surge in momentum upon the breakout from the neckline, anticipated around the 69.10 area. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 72 and a final target for exiting the trade will be around 75.90.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on SNGP are encouraged.
Trade on LevelsBuy1 around 57.50 - 58.70 | Sell around 62
Buy2 around 55.20 - 56 | Sell around 60
Stoploss 55 (Closing Basis)
Impact of News or Technicals Only?Buy with Stoploss 55 (on closing basis)
and Sell around 65 then 68
Morning Star FormationBullish Divergence on Hourly & 4H TF
Morning Star Formation
Still Bullish on Monthly TF
SNGPBullish on Weekly as well as
Monthly TF
On Weekly TF, it is a Breakout from 56 -57
level & it may re-test this level.
SNGPIn The last trading session SNGP breaks it's resistance level of 69 and gives closed above at 70 which indicates more upward opportunities in the price. Target level is around 84.
SNGP rejectingSNGP shows rejection after making high of 47.90 and currently closes at 46.72. Pull back is expected at the support level of 44.56
SNGPSNGP is currently testing its resistance at 46.65, but it may encounter resistance and face potential rejection at this level. The second resistance level is situated at 48.45. The primary support level is at 43.90, with a secondary support at 41.
