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SYMPHONY LIMITED

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SYMPHONY trade ideas

Symphony'sTrajectory: A Cautionary Tale in the AC and Ref SectorDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Symphony, a notable player in the AC and Refrigeration industry, has experienced a turbulent journey in the stock market. After reaching its peak in January 2018 at a high of 2209, the stock has been under pressure. This peak was a significant rise from its low of 86.80 in June 2012, showcasing an impulsive growth. However, the past six years have been challenging, with the stock mostly moving sideways and currently hovering above the 800 mark. Recent Performance: Since reaching its peak in January 2018 at 2209, Symphony has struggled. For the last three years, the stock has been mostly flat, staying above 700-800 price zone. Risk of Decline: There's a risk if the stock drops below 700-800 price zone. This could start a downward trend. It's important to watch this zone. Short-Term Outlook: If Symphony stays above 800, it might reach 1050-1100. But this is still within a larger downward trend. Comparison with Peers: Comparing Symphony with Voltas and Whirlpool, Symphony seems weaker. Voltas looks like a better choice in the AC and Refrigerator sector. Investors should watch these levels in Symphony closely. Falling below 800 is a bad sign, while breaking above 1530-1590 could mean growth. Voltas Stock Analysis Whirlpool Stock Analysis From WaveTalks Market Whispers!
NSE:SYMPHONY
by WaveTalks
1
Amazing breakout on Weekly / Daily Timeframe - SYMPHONYCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:SYMPHONYLong
by Yoyohoneysingh93
Symphony up 15%? Reason explained post marketI 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 level". NEW ENTRY NOT SUGGESTED. Just wait n watch how the price react on Thursday, 22 April.
NSE:SYMPHONYLong
by UnknownUnicorn7637383
Symphony Stock Price AnalysisNSE:SYMPHONY The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets. The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. The relaxation by the government for FDI will also boost the sector. Symphony is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company: The net sales of the company is Rs 884.49 Cr. It has increased from the previous year sales of Rs 641.31 Cr. The sales growth of the company was outstanding at 37.92 %. The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for Symphony is 9.63 times. Symphony efficiently manages its assets. The PAT growth rate of 48.72 % is good for the company. The net profit compared to the % of sales is known as PAT margin which is 18.63 %. The growth of EPS should ideally be around the PAT growth rate. For Symphony EPS growth rate is 48.72 % which is nearby the PAT growth rate . The Earning per share for the latest quarter is 7.14 Rs. Company’s assets have given an average return of 13.15 % for the 3 years and equity gave an average return of 16.29 % for the 3 years. Symphony has a Debt-to-equity ratio of 0.02 which is an indicative measure of financial risk when compared to its peers. Seasonality Data Looking at the seasonal data from the past 10 years, it appears that the stock typically experiences an upward trend from its major support of 800 in November and December. Additionally, there has been an observed 35% to 40% increase from January to February. Strengths Strengths of 22.86% in the last 5 years. Company’s PEG ratio is 0.78. The company has an efficient Cash Conversion Cycle of 38.38 days. Company has a healthy liquidity position with current ratio of 2.60. The company has a high promoter holding of 73.39%. Limitations T he company has shown a poor profit growth of -3.94% for the Past 3 years. The company has shown a poor revenue growth of 7.29% for the Past 3 years. Company has contingent liabilities of 211.46 Cr. The company is trading at a high PE of 37.83. Technical view: NSE:SYMPHONY BUY AROUND 830-800 TARGET 960-1070-1200. TIME DURATION 3 MONTHS
NSE:SYMPHONYLong
by Mr_Huntking
BETTING on multi year support. RiskyTrying to bet on multi year support. Jun 20 - Dec 20 - Consolidated and moved up Jun 22 - Dec 22 - Consolidated and moved up May 23 - ? - Consolidating. Will it move up to fill the gap at 1070 or the support becomes weak? I do not understand if there is a pattern suggesting up move. Betting on support based trading is risky. Investing profit from other trade into this. Investing only the amount that my mind is okay to loose. Adding at current level and will add at 820. if it breaks 815 - EXIT. Planning for a target of 1070. I am learning. if you find mistake or want to share your view , I would be happy to learn.
NSE:SYMPHONYLong
by RS_V
1
Symphony Stock - Alternative Bat Formation and Weekly TrendlineIn this trading analysis, we will explore the potential trading opportunities presented by Symphony stock (SYMPHONY) based on the formation of an alternative bat pattern on the daily timeframe and the presence of a trendline support on the weekly chart. We will discuss the key technical aspects, entry levels, target prices, and stop loss levels to assist traders in making informed decisions. Alternative Bat Formation on Daily Basis: Upon examining the daily chart of Symphony stock, we observe the formation of an alternative bat pattern. An alternative bat pattern is a harmonic price pattern that signifies a potential reversal in the prevailing trend. However, it is important to note that the pattern has not been activated yet. To activate the pattern, Symphony stock needs to cross the price level of 870. This breakout could potentially lead to bullish momentum. Traders considering this pattern may want to set their entry level above 870, accompanied by a stop loss at 821. Potential Targets: Should Symphony stock break above the activation level of 870, two potential target levels can be considered. The first target is set at 907, and the second target is set at 940. These levels represent potential areas of resistance or profit-taking zones for traders. Weekly Trendline Support and RSI: On the weekly timeframe, Symphony stock is observed to be testing a trendline support. This suggests that the stock has been finding consistent buying interest around the 830-840 zones. Furthermore, the Relative Strength Index (RSI) is also indicating a good trendline support, adding to the overall bullish sentiment. Considering the weekly trendline support and the RSI's behavior, traders may opt to take a long position in Symphony stock with a stop loss of 790 on a weekly basis. Setting the target open allows traders to capture potential upside without predetermined price constraints. Conclusion: The analysis of Symphony stock reveals the presence of an alternative bat pattern formation on the daily chart, awaiting activation above 870. Additionally, the stock exhibits strong trendline support on the weekly timeframe, as confirmed by the RSI. Traders interested in this stock can consider potential entry levels, targets, and stop losses based on the outlined technical analysis. It is important to remember that trading involves inherent risks, and it is advisable to perform thorough analysis, consider risk management strategies, and consult with financial professionals before making any investment decisions.
NSE:SYMPHONYLong
by yaashul
2
Keep a watch on SymphonyThe 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 2023. These factors can support the breakout. So, do keep this stock in watchlist as it is currently trading above 200 Weekly EMA and RSI breakout is also done. Idea is shared only for educational purposes and please trade according to your research.
NSE:SYMPHONYLong
by chartistamey