Ticks :
1) Chinese double bottom formation.
2) volume conformation.
3) Range breakout.
4) Lockdown is getting over periodically.
5) High MF and Fii holding.
6) Fundamentally sound stock.
Buy : current level
Targets: 1038 (short term)
** Can look out for long term also.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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...
Symphony Ltd. operates as a holding company, which manufactures and markets residential, commercial, and industrial air coolers. It operates through two segments: Air Coolers and Corporate Funds. The company was founded by Achal Anil Bakeri on February 5, 1988 and is headquartered in Ahmedabad, India.
SYMPHONY
