SYMPHONY LIMITED (1W TF) - Swing Trade Analysis given on 23rd March, 2024 Pattern: AT WEEKLY SUPPORT - Pullback candle at Weekly Support - Done ✓ - Strong Volume candle at Support - Done ✓ - Demand Zone Retest & Consolidation - In Progress #symphony
NSE:SYMPHONY cmp 960 heading towards 1250-1500 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is...
SYMPHONY AT STRONG SUPPORT looking good at current level took decent strong bounce from these levels decent fundamentals PE at 55 strong technical bounce
I am posting this chart so that we can trade this opportunity in future. I.e. Learning from the past and implementing in future. Just look at the chart pattern, it looks like a bearish "flag" in 1 hour timeframe. Just look at the buying pressure at 1st 1 hour candle. What's next? Well, I am expecting this rally will continue after a retest at the "breakout...
The stock of Symphony has been following a descending triangle pattern. It has a strong demand zone near 800 levels and currently, its looking to give a bullish breakout from the trendline resistance. Next supply zone is around 1200-1220 levels. The company has also announced a buyback at Rs. 2000/ share. Also, the summer heat might help boost the revenue in Q4...
Engaged in the business of aircoolers. Now in a positive trend. Broken all short term resistance line. Also broken multiyear trend line. Buy back announced . retention of upward movement is impossible. Rally will ends after a maximum of 30% - 50% short term move . Short term candidate.
Symphony attempting to breakout on 1Week timeframe on high volumes. It is trying to break out from falling wedge pattern. It is a pattern within a pattern (Falling wedge in a Triangle Pattern). Go long after breakout confirmation.
Good Fundamental stock in consumer durable goods sector.Promoter holding is 73% . High volume breakout happened. Higher chance for upmovement
Symphony is a seasonal pick wherein the yearly high is generally around April or May (denoted by red arrows). Achieving T2 will break the lower high trend Little late to the entry, can be skipped if risk to reward isn't favourable
Symhony starts a new cycle till 1005 Once crosses 1005 / 1080 Sl is 880
Symphony had given a much awaiting breakout above 1090 which it has tested earlier two times but faced resistance but now with rising volume it has significantly crossed the level. Also double bottom is visible which is a reversal pattern and now its a conformation of that. Both RSI and MACD are showing positive signs and supporting the up move. In short term...
CMP: 1111 - Took support around 820 multiple times - Formed Triple bottom - Descending Triangle pattern breakout
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. 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.
SYMPHONY LONG target 1- 1190 target 2 - 1292 target 3 - 1386
A wolfe wave has been spotted in Weekly Time Frame. After the covid fall the Wolfe wave has already activated. Currently the stock is forming its 2nd Wave. The 3rd wave is yet to be initiated. Hopefully it will take a support from this level to 911 and initiate the 3rd wave. So it's a accumulation zone. One can accumulate from here or after getting a reversal....
buy for positional above 1050 keep Stoploss below 950 targets 1150, 1250, 1350 Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Break of downtrend channel Currently at major resistance area (1040-60) Once crossed can give good returns Recent volumes have been promising
cup& handle................... breakout .................................................