SYMPHONY:1263 is trading near its long term Trend Line support around 1225, possible to turn around from that level will have a resistance at 1600.
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1260 suported
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Hope we can expect 1050 level. I am back from a short vacation. Data not yet activated, will come back with all supports.
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mklives
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guess the stock heard our discussion ;)
mklives
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been holding symphony for a while now. at 1200. any potential long term targets? 2000??
padiyara
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@mklives, SYMPHONY is still in a corrective phase,, look at the weekly chart.
The bull run exhausted in April 2015, and a new bull phase will start only above the said resistance 1600 approx:
it is a fundamentally strong stocks , but don't have the strengths to reach 2000 very soon. but time is the real wealth creator.
From the current Trenl line support , it is supposed to bounce back to 1600 and break, BUT Daily MACD is below Zero line now,
it says if the price falls below 1252 ( Stop given 1260) it can come down to 1060 level, that should be the time to add more.