In the Weekly Chart of SYMPHONY ,
we can see that; since last 6 weeks we can seelling pressure but selling is not very strong.
Also, High's of previous candle are not broken.
Now Hammer candle is created.
Enter at 885 with SL as 855 and GO LONG POSTION.
In 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 the Weekly Chart of SYMPHONY ,
we can see that; it was suggested to but at bottom.
now it is building a strong Price Action.
Hope to see a up move from here for Longer duration.
In the Weekly Chart of SYMPHONY ,
we can see that; it has given a strong come from bottom by Rising start Candle pattern.
let it form a retest candle then enter with SL and Go Long.
SYMPHONY LTD
CMP 883
SL - 875
TARGET1 - 893
TARGET2- 900
DISCLAIMER
it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor.
✅Here we provide TECHNICAL Levels and Charts.💯
✅This channel is for educational and self analysis purposes only!
SYMPHONY
BUY : 980-984
TARGET : 1075
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
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 posted a strong Q3 albeit a off season. with some innnovation in the works for the company and a heated summer ahead, we might see stock picking up pace before earnings are ananounced.
Short term trendline BO is visible and in longer term charts a fresh impulse is in horizon. Whether the latter would happen only time will tell
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.
Key Points:
- On weekly chart - after a yearly consolidation zone Bullish breakout seen with potential of 30% rise from current price
- Resistance breakout @ 1069
- RSI near to cross 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average on daily chart
- Super trend is positive
Bhav is “ Bhagwan ”
Disclaimer :
I am not a...
NSE:SYMPHONY
LTP (Boarding Price) =1045
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
In Weekly chart of SYMPHONY,
we can clearly see that it has given breakout from a range and retested it properly.
upward momentum is expected in coming weeks once it crosses 980.
Plan an Entry at 980 with 950 as SL.
book profits as per your risk ratio.
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
Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
