BUY SYNDIBANK ABOVE 61.40 TGT 62.20/64
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Primary trend of the SYNDIBANK is bullish for now and After showing correction from the higher level of 95.90, now stock is trading in short-term recovery phase, it is forming reversal pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 61.4 as the stock is managing to trade above its 22 days moving averages with the RSI of 40, one may expect the targets of 65/70 in the stock if it manages to sustain above the immediate strong support level of 60. strong resistance would be seen at 65 AT 22 EMA level. and Below 60 you may expect the target of 58/55.
DAILY CHART FOR SYNDIBANK:
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