🎯 The chart is self-explanatory as always.
🎯 The stock has appreciated NIL since 2015
🎯 The support zone has been standing since 2015
🎯 Investing Just because you know the brand is a grave mistake
🎯 This is why Diversification is critical
What do you think of this price action? Comment below...
⚠️Disclaimer: We are not registered advisors. The views...
SYMPHONY The Symphony Chart create a long term pollen flip chart pattern these are 10 year range breakout the range breakout the stocks are moved easily 1800+ TO 5000+ TGT TIME HORIZON IN 2 TO 3 YEAR MEET THE TARGET
MARKET'S UPDATE'S
Symphony Ltd. CMP – 899
Market Capitalization Rs 6,199.2Cr
Red Flags:🟥
High Valuation (P.E. = 54.4)
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
Improving annual net profit
Improving cash from operations annual
New Happy Candles Number – 60/100
Fresh Entry/ averaging / compounding after closing above...
symphoney , in multiyear consolidation, good to buy at cmp , short term 950, however you have to hold it untill breakout comes, that may take few weeks to some months, after breakout 2100 possible
Symphony is a big player in air cooler segment and the company is showing a buy signal under range bound trading strategy where the stock covers a range of price set it has covered multiple times in the past.
Buying level- 875
CMP- 885 (close to buying level)
Target price 1- 1216
Target price 2- 1593
Hope you understood.
Thank you for reading.
Have a happy...
NSE:SYMPHONY is a seasonal stock which means it has its lows in the months of Oct-Dec and highs in the months of march-May. One can buy and hold for 6 months for the given target and with a strict stop loss to be followed.
Symphony, though in a bear cycle, still moving near oversold zone, There is divergence in one of indicators also. Seems like a food entry point for Long term View.
Price: 871.60
Qty 11
1% of Capital
SL to be used only for profit protection
Horizon 1-2 Years
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
This is a pure technical play, I have done no research on the companny.
The chart looks very good with a great RR.
Any Ques
please feel free to comment.
As Market is showing some strength after long correction and negative global situation , Symphony is one of the few stocks that might regain the momentum after long consolidation.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
