SYNGENE - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📈 Intraday Trade Analysis for SYNGENE
IntraDay Trade Rating: 4.3
This rating reflects a technically strong setup with bullish momentum, though tempered by valuation concerns and recent FII outflows.
🔍 Technical Snapshot
RSI (71.2): Overbought zone — signals strong momentum but risk of pullback.
MACD (12.8): Bullish crossover — confirms upward trend.
Volume (19.1L vs Avg 25.5L): Slightly below average — moderate participation.
Price at 200 DMA (711 ₹): Testing long-term resistance; breakout potential.
💡 Intraday Strategy
✅ Fresh Entry (Buy Today)
Optimal Buy Zone: ₹705–₹710 (near breakout level and 200 DMA)
Profit Targets
Target 1: ₹722 (minor resistance)
Target 2: ₹735 (VWAP extension zone)
Stop Loss: ₹698 (below 50 DMA and intraday support)
🚪 If Already Holding Today
Exit on Weakness
If price drops below ₹705 with rising sell volume and RSI < 68.
Exit on Strength
If price breaks ₹722 with volume surge and RSI > 75, trail stop to ₹710.
⚠️ Risk Factors
Overbought RSI may trigger short-term profit booking.
High P/E (56.5) and PEG (13.3) suggest stretched valuation.
FII reduction (-2.96%) could dampen sentiment.
Quarterly profit drop may raise caution despite strong MACD.
Would you like a comparative intraday setup for DIVISLAB or BIOCON from the same sector? Or perhaps a swing trade idea based on SYNGENE’s weekly chart structure?
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