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...
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...
#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....
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.
#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....
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.
Stock 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
technically 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,
This 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...
This 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 ;;;)