🚨 Breakout Alert on SYRMA (Weekly)
After 1.5 years of sideways consolidation, SYRMA has finally broken out with strong conviction. The breakout is supported by the highest weekly volume seen in months — signaling smart money accumulation.
📊 Technical Setup:
🔹 1.5-year base formation now broken
🔹 Breakout candle closed above resistance with strength
🔹 Volume spike confirms breakout validity (HVE)
🔹 Structure resembles classic Stage 2 breakout
🟢 Ideal retest zone: ₹670–₹680
🛑 Support zone: ₹635–₹645
Fundamental Snapshot:
✅ Revenue: ₹2,000 Cr → ₹3,800 Cr in 2 years
✅ Net Profit up 50% YoY
✅ EPS (TTM): ₹9.57
✅ Promoter holding: ~46%
✅ Dominant player in EMS & IoT hardware
⚡Macro trend supports domestic electronics manufacturing — still early in the cycle.
After 1.5 years of sideways consolidation, SYRMA has finally broken out with strong conviction. The breakout is supported by the highest weekly volume seen in months — signaling smart money accumulation.
📊 Technical Setup:
🔹 1.5-year base formation now broken
🔹 Breakout candle closed above resistance with strength
🔹 Volume spike confirms breakout validity (HVE)
🔹 Structure resembles classic Stage 2 breakout
🟢 Ideal retest zone: ₹670–₹680
🛑 Support zone: ₹635–₹645
Fundamental Snapshot:
✅ Revenue: ₹2,000 Cr → ₹3,800 Cr in 2 years
✅ Net Profit up 50% YoY
✅ EPS (TTM): ₹9.57
✅ Promoter holding: ~46%
✅ Dominant player in EMS & IoT hardware
⚡Macro trend supports domestic electronics manufacturing — still early in the cycle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.