Syngene International Ltd, a pharma stock, fell 15% from its September 2023 high but recovered after a Double Bottom formation. Short-term traders can buy the stock for a target of Rs 880 in the next 2 months. The stock found support above 670 levels in October and December 2023, forming a Double Bottom. It closed above the 50-week moving average in January 2024. The stock is now trading above multiple moving averages and the RSI is at 56.5, indicating bullishness.
Related Keywords
Kapil Shah , Syngene International Ltd , Finlearn Academy , Emkay Global Financial Services , Double Bottom , Relative Strength Index , Technical Analyst , Emkay Global Financial Services Limited , Pharma Stock , Weekly Charts , Short Term Traders ,
comparemela.com © 2020. All Rights Reserved.