SYMPHONY trade ideas
good company with good gainsin a year it gives about 60% returns
which is quite good
a little overvalued
but market leader in airconditioning
buy at support sell at resistance
swing trading opportunity in symphonythis stock is ready to give a good move upside. this stock has formed a cup and handle pattern and today has given a breakout.
one can create a position in this stock to get a good 8-10 percent move out of it.
disclaimer: this is just for educational purposes. consult your financial advisor before taking any trades.
Positional trade reversal from support zonebuy 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
Symphony _ BullishBreak of downtrend channel
Currently at major resistance area (1040-60)
Once crossed can give good returns
Recent volumes have been promising
Symphony looking strong1 hour time frame, 9 ema cross 21 ema and forming descending triangle.
Break the trend and retraced back by testing the level again and bounced back.
So expecting a good up move
TIME TO BUY Market Cap
₹ 6,845 Cr.
Current Price
₹ 978
High / Low
₹ 1,530 / 811
Stock P/E
61.7
Book Value
₹ 109
Dividend Yield
0.51 %
ROCE
16.4 %
ROE
16.1 %
Face Value
₹ 2.00
SymphonyBuy < 910 upto 900
easy target - 970
tg2 - 1015
sl - close below 870
Disclaimer : This is my personal analysis for study purpose not intended for trading
FOCOUS ON SYMPHONY hello trades , we can foous on symphony ,buy above 955 then target of 985
time frame-3 to 7 days
Symphony | BUY | Cup & Handle FormationPattern: Classic cup & handle formation on 4h time frame.
Buy at: One should buy the stock on cmp i.e. 1072 & add on dips.
Stoploss: Maintaining a SL of 1040 for the short term and 945 for long term
Target: Target 1: 1146 (Based on Cup size ) Target 2: 1300 Target 3: 1500 (Based on support-resistance)
Symphony Buy Limit 973/- Air coolers employ an environment-friendly carbon reduction product strategy. For example- air coolers offer a superior value proposition as compared to air conditioners, evaporative air cooling solutions to help customers keep their surroundings cool and comfortable. target of this trade long term
Symhony Eliott Wave AnalysisSymhpony in Buy Zone
CMP - 1087
Tgt1 - 1294 SL - 1020 (Book Partial profit or continue as per your risk profile)
Tgt2 - 1523 Revised SL - 1209
SYMPHONY - BullishLooks like the pullback is over
& the stock is ready for its bull run again
taking support at previous area
facing minor resistance
once broken can head towards 1500+ levels again
