SYMPHONY: DOUBLE BOTTOMNSE:SYMPHONY is currently forming a double bottom pattern, which indicates a potential bullish reversal.
This pattern typically suggests that the stock has found strong support at the bottom levels and may be preparing for an upward movement. However, traders should exercise caution and consider entering a trade only after a confirmed breakout above the neckline, ensuring the pattern's validity.
The target price can be calculated by measuring the height from the double bottom's lowest point to the neckline and then adding this distance above the neckline. This method provides a projected target for the anticipated upward trend.
