breakout
📈 Daily Watchlist Update: Potential Breakout 📊
Stock Name: Syngene International Ltd 🧬
Current Status:
The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀.
💡 Buy Conditions:
Buy 1 - Discount Zone Approach:
If the stock retraces to the ₹900-₹880 range, it's considered a discount zone.
Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask!
Stop Loss (SL): ₹800.
Buy 2 - Conservative Approach:
If the retracement breaks the ATH at ₹960, then consider entering.
Stop Loss (SL): The recent low post-breakout.
⚠️ Trading Rules:
✅ I will only trade if one of these two conditions occurs.
⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅.
💪 The focus is on discipline and sticking to the plan.
📖 Educational Note:
This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
Stock Name: Syngene International Ltd 🧬
Current Status:
The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀.
💡 Buy Conditions:
Buy 1 - Discount Zone Approach:
If the stock retraces to the ₹900-₹880 range, it's considered a discount zone.
Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask!
Stop Loss (SL): ₹800.
Buy 2 - Conservative Approach:
If the retracement breaks the ATH at ₹960, then consider entering.
Stop Loss (SL): The recent low post-breakout.
⚠️ Trading Rules:
✅ I will only trade if one of these two conditions occurs.
⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅.
💪 The focus is on discipline and sticking to the plan.
📖 Educational Note:
This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.