🔍 SYNGENE International Ltd – Key Technical Zone Identified! Big Opportunity Brewing 🔥
📉 Context & Background:
Syngene International has seen a 36% correction from its all-time high, recently making a low of ₹612.25. This decline brings the price close to a crucial historical support area — the monthly swing low at ₹607.
Here's what caught our attention:
Between Nov 2020 and April 2023, the stock spent nearly 2.5 years consolidating around this same zone.
Now, price is revisiting this region again — and such zones rarely break without a fight.
This makes it a high-interest area where smart money could step back in.
🧠 Trade Thesis:
If the price breaks below ₹607, it opens the door to a deeper liquidity sweep — and the entry zone becomes:
✅ Entry Zone: ₹601 – ₹568
This is where we expect a sharp bounce-back, supported by the long-term price memory and previous consolidation.
🛡️ Stop-Loss: ₹530
This level is placed safely below the base of this zone, in case structure fails.
🎯 Profit Targets:
Target 1: ₹650
Target 2: ₹720
Short- to swing-term upside potential is solid with a favorable risk-to-reward ratio.
⚠️ Aggressive Trader's Option:
If you're experienced and can manage risk well, you may look to enter right after the monthly swing low (₹607) is breached, with tight control over your position sizing.
🧭 Why This Zone is Critical:
Price has touched this region multiple times over years, and acted as a major demand zone.
After a 36% correction, it's now at an area of maximum potential support.
Chances of price bouncing from this area are high, unless there's a major fundamental breakdown — which currently isn't visible.
🧠 Summary Table:
Component Details
Entry Zone ₹601 – ₹568
Stop-Loss ₹530
Target 1 ₹650
Target 2 ₹720
Strategy Type Swing / Short-Term Trade
Risk Level Moderate to Low (zone-based entry)
🔔 What Led Us to Post This Update?
Price near a long-term demand base (monthly low)
36% correction offers value
Technical history shows strong bounce potential
Structure still intact — not a panic drop
Setups like these offer limited risk and good upside for patient traders
📢 Don’t Miss Out!
✅ Make sure to follow me so you don’t miss my next analysis!
👍 Drop a like if you found this helpful and leave a comment with your thoughts!
💬 Let’s chat in the comment section. See you there! 🚀📊
🙏 Thanks for your continued support. Let’s grow together!
📉 Context & Background:
Syngene International has seen a 36% correction from its all-time high, recently making a low of ₹612.25. This decline brings the price close to a crucial historical support area — the monthly swing low at ₹607.
Here's what caught our attention:
Between Nov 2020 and April 2023, the stock spent nearly 2.5 years consolidating around this same zone.
Now, price is revisiting this region again — and such zones rarely break without a fight.
This makes it a high-interest area where smart money could step back in.
🧠 Trade Thesis:
If the price breaks below ₹607, it opens the door to a deeper liquidity sweep — and the entry zone becomes:
✅ Entry Zone: ₹601 – ₹568
This is where we expect a sharp bounce-back, supported by the long-term price memory and previous consolidation.
🛡️ Stop-Loss: ₹530
This level is placed safely below the base of this zone, in case structure fails.
🎯 Profit Targets:
Target 1: ₹650
Target 2: ₹720
Short- to swing-term upside potential is solid with a favorable risk-to-reward ratio.
⚠️ Aggressive Trader's Option:
If you're experienced and can manage risk well, you may look to enter right after the monthly swing low (₹607) is breached, with tight control over your position sizing.
🧭 Why This Zone is Critical:
Price has touched this region multiple times over years, and acted as a major demand zone.
After a 36% correction, it's now at an area of maximum potential support.
Chances of price bouncing from this area are high, unless there's a major fundamental breakdown — which currently isn't visible.
🧠 Summary Table:
Component Details
Entry Zone ₹601 – ₹568
Stop-Loss ₹530
Target 1 ₹650
Target 2 ₹720
Strategy Type Swing / Short-Term Trade
Risk Level Moderate to Low (zone-based entry)
🔔 What Led Us to Post This Update?
Price near a long-term demand base (monthly low)
36% correction offers value
Technical history shows strong bounce potential
Structure still intact — not a panic drop
Setups like these offer limited risk and good upside for patient traders
📢 Don’t Miss Out!
✅ Make sure to follow me so you don’t miss my next analysis!
👍 Drop a like if you found this helpful and leave a comment with your thoughts!
💬 Let’s chat in the comment section. See you there! 🚀📊
🙏 Thanks for your continued support. Let’s grow together!
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.