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...
one can hold the stock for long term and should buy more if comes at lower levels as the overall fundamentals of the company are good and thus a good long term buy !!!!!!!!
stock can come down in short term as rsi and macd showing overbought thus not a good level to enter now but let it come down a little and then enter!!!!
