SNGP is forming ABCD reversal pattern. Point D is possible reversal zone. Trade has been set considering price will break point B
SNGP displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (64-65.50 range), while setting stop loss orders below the bottom of EVE to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the breakout from...
Buy1 around 57.50 - 58.70 | Sell around 62 Buy2 around 55.20 - 56 | Sell around 60 Stoploss 55 (Closing Basis)
Buy with Stoploss 55 (on closing basis) and Sell around 65 then 68
Bullish Divergence on Hourly & 4H TF Morning Star Formation Still Bullish on Monthly TF
Bullish on Weekly as well as Monthly TF On Weekly TF, it is a Breakout from 56 -57 level & it may re-test this level.
In The last trading session SNGP breaks it's resistance level of 69 and gives closed above at 70 which indicates more upward opportunities in the price. Target level is around 84.
SNGP shows rejection after making high of 47.90 and currently closes at 46.72. Pull back is expected at the support level of 44.56
SNGP is currently testing its resistance at 46.65, but it may encounter resistance and face potential rejection at this level. The second resistance level is situated at 48.45. The primary support level is at 43.90, with a secondary support at 41.