SYMPHONY LTD CMP -1280 for 700%%Buy Long term 3-5 Years
Symphony Ltd
Cmp - 1277
Target 11000..
** This Post is for educational purpose Only, Please concern your financial advisor before investing in market related investment**
SYMPHONY
Symphony trying to gain rhythm and harmonySymphony 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 915
Targets: 925 and 940
Long term target: 961
Stop loss: Closing below 825
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SYMPHONY a good buy for 44% and 89% returnsSymphony 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 trading and investing experience
#SYMPHONY #BAJAJELEC #CROMPTON #PGEL #WHIRLPOOL #IFBIND #NIFTY50#SYMPHONY
NSE:SYMPHONY
CMP: 929.20
TP: 1090 // 1175
SL: 868
TF: <6m
RR > ~2.6 times
Return > ~17%
SYMPHONY
BAJAJELEC BUTTERFLY CGPOWER CROMPTON PGEL WHIRLPOOL IFBIND STOVEKRAFT TTKPRESTIGE
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Trendline Breakout in Symphony Limited...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.
Symphony. 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.
#CROMPTON #SYMPHONY #BAJAJELEC #PGEL #WHIRLPOOL #IFBIND #NIFTY50#CROMPTON
NSE:CROMPTON
CMP: 344.45
TP: 385
SL: 330
TF: <6m
RR > 3times
Return > ~12 %
NSE:CROMPTON
SYMPHONY
BAJAJELEC CGPOWER PGEL WHIRLPOOL IFBIND STOVEKRAFT NSE:TTKPRESTIG NSE:BUTTERFLY NSE:SALZERELEC
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Symphony BreakoutThe 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.
Symphony consolidation in a triangleStock has been consolidating in a symmetrical triangle from june 2021 and is respecting the resistance level.
If the stock closes above 1083 on daily basis, it can give a good target points.
Bullish target for symphony
1108, 1146
Wait for day's closing for today
Buy Symphony @1019 sl 885 tgt 1355technically price looks very attractive on charts . small range consolidation on weekly charts . one can buy symphony with closing basis stop loss of 885 for a target of 1355 and more.
SYMPHONY - Monthly Breakout - Positional/Short Term InvestmentThis analysis is purely based on Price action. The analysis is done on monthly chart hence it may take one month to several months to achieve the final target. Traders must keep this in mind while trading.
As can be seen from the chart, 815 level is a MULTI-YEAR support level for the price. After multiple rallies, price has come down to test the support level and reversed from that level.
Other resistances are also marked in the chart for better understanding the price action in this stock.
During the major fall in March, it came down and again took support at the same support level. After consolidating for 8 months, price finally gave breakout in December 2020. The breakout is supported by huge volume candle as well.
Price has give breakout from Multi-year resistance trendline as well. (as shown in image itself).
A Double breakout from major support level with increased volume has very high probability of sustaining above.
Symphony also has good fundamental. Hence, One can enter in the stock with short term investment view or for Positional trades (entry can be made on Weekly chart as well). SL can be placed below the breakout candle or for safe traders, it can be placed below the consolidation zone (shown in image).
Targets are shown in image itself.
*Trade at your own risk & money management/position sizing. Always do your own study before entering into any trade*
Feel free to comment for any query or suggestion.
Do check out my other ideas for more understanding of price action & various chart patterns.
XAUUSD - Beethoven's 5th SymphonyThis is a continuation the XAUUSD trade idea posted a while ago, where gold has been following my forecasts. I applied Elliott wave theory in market geometry to predict price fluctuations. As I found Elliotts studies so poetic and inspiring I decided to do a twist with the name :) we are going for the bullish 5th wave. Turn on your printing machines ;;;)
