scorpiomanoj
Long

SYMPHONY - A POSSIBLE QUAD - BAGGER

NSE:SYMPHONY   SYMPHONY LTD
Symphony
CMP 1887
Stop 1400
Target 6800 plus (4x returns).
(minimum holding 1 year plus).
Stock fulfills basic criteria
1) Breakout of a long consolidation zone.
2) Above averge volumes accompanied BO. (Volumes not properly displayed in chart as its scale is masked by one of the huge volumes in the left zone of the chart).
3) RS spike above average.
4) MACD histogram - increasing.
Trading is my passion.
how do u calcuate and arrive at 4x? just for learning purpose.. i hold the stock at 1100.
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@mklives, If you see the bottom of the chart, you can observe a prolonged base formation and then an uptrend starting with a breakout which was at around 250 levels. Price reached to 1100 before starting an upward sloping channel. Now since this channel has broken out it is anticipated the historical run of 1100/250 times continues which is roughly 4 plus x.
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