Stock Radar: Syngene trades near crucial 100-EMA, down 10% from highs; time to buy?

Syngene International's stock is displaying an Ascending Triangle pattern on the daily chart, a bullish signal that suggests the potential for an upward breakout. The stock has been consolidating near its support zone at 840 levels, showing resilience and stability. This level is further reinforced by the 100-day EMA, which acts as a strong support, indicating sustained investor confidence, says Vishnu Kant Upadhyay of Master Capital Services.