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SYRMA SGS TECHNOLOGY LTDSYRMA SGS TECHNOLOGY LTDSYRMA SGS TECHNOLOGY LTD

SYRMA SGS TECHNOLOGY LTD

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SYRMA trade ideas

[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout. Resistance Line (Red Zone): The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows. The price consistently meets selling pressure at these levels, pushing it back down. Support Line (Green Zone): The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows. This support forms the lower boundary of the triangle. Pattern Height: The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point. Breakout Targets: Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level. Target 2 ~ 550+: The next price target, following continued bullish momentum. Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point. Reversal Target (450+): Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action. Entry & Stop Loss: Entry Point: A long position can be considered above the 417 level, as marked in the chart. Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk. This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NSE:SYRMALong
by TradZoo
Syrma SGS Technology can really step up the manufacturing game.Syrma SGS Technology Ltd. engages in electronic designing and manufacturing services. It manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies adapters, fiber optic assemblies, magnetic induction coils and RFID products and other electronic products. The firm operates through segments including Electronic Manufacturing Services and Others. Syrma SGS Technology Ltd CMP is 501.15. The positive aspects of the company are Company with Low Debt, Improving Net Cash Flow for last 2 years, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are Inefficient use of capital to generate profits, Declining Cash Flow from Operations for last 2 years, Companies with weak financials and High PE (PE=82.9). Entry can be taken after closing above 526. Targets in the stock will be 591, 629 and 674. The long-term target in the stock will be 702. Stop loss in the stock should be maintained at Closing below 388. 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.
NSE:SYRMALong
by Happy_Candles_Investment
SWING IDEA - SYRMA SGSA potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry. Reasons are listed below : The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength. A hammer candlestick formation on the weekly timeframe signals a potential reversal, hinting at a shift from bearish sentiment to bullish momentum. Finding support at the 0.5 Fibonacci level further bolsters the bullish outlook, providing a solid foundation for potential upward movement. The 50-period Exponential Moving Average (EMA) on the weekly chart acts as additional support, reinforcing the bullish bias. Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding weight to the bullish case. Syrma SGS has demonstrated a pattern of higher highs, indicating a trend of increasing bullish momentum and reinforcing the potential for upward movement. Target - 570 // 670 Stoploss - weekly close below 448 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SYRMALong
by Visionary_Growth_Insights
2
Syrma SGS Technology LtdSyrma SGS Technology Ltd Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization Syrma is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”), specializing in precision manufacturing for diverse end-use industries. They are leaders in high-mix volume product management and are present in most industrial verticals
NSE:SYRMALong
by sushithengoor