SYMPHONY trade ideas
Early summer provides some early oppurtunitiesSymphony 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 Falling Wedge Pattern 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.
Symphony – Seasonal Bullish BreakoutKey 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 SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Symphony Ltd - High Volume BreakupGood Fundamental stock in consumer durable goods sector.Promoter holding is 73% . High volume breakout happened. Higher chance for upmovement
SYMPHONY - Long SetupNSE: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. Please consult your financial advisor before taking any trade.
SYMPHONYIn 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: a probable long tradeSymphony 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
symphony buy tradeTrading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold
Awaiting Breakout in Symphony!!!! Symphony had given a much awaiting breakout above 1090 which it has tested earlier
two times but faced resistance but now with rising volume it has significantly crossed the level.
Also double bottom is visible which is a reversal pattern and now its a conformation of that.
Both RSI and MACD are showing positive signs and supporting the up move.
In short term 1250 could be seen but in larger time frame 1380 is possible.
#Enjoy_trading
SYMPHONY
CMP: 1111
- Took support around 820 multiple times
- Formed Triple bottom
- Descending Triangle pattern breakout
Breakout in Symphony...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SYMPHONYDear Traders,
Symphony is Trading in a range for almost 11 months. Today it broke out of that parallel range with a considerable volume. Also last 3 to 4 Days were not showing bearish sign. So, it is good to go stock for me. But, as we all know it could be a fake breakout so put half of you money only with 6% Stop Loss of CMP. And put other half when tomorrow it surpasses today's High with good volume. Happy Trading Guys.
Symphony Ltd.*Symphony Ltd.*
Ascending Triangle Pattern: Weekly Basis
Price / Volume Break-Out.
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound Company*
Largest Air Cooler Manufacturer - Sector Outlook Positive (Summers Arriving)
Stable Sales / Profitability In all Qtr. Though Fluctuating.
Low Equity / Moderate Leverage / Net Cash Flow +ve.
FIIs Increasing Stake QoQ since Jun'21 post decline till Dec'20.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
Base build up, can take positionSymphony is looking good for taking some position and hold.
Base already build up
buy at 1000.00 level
Stop Loss 920
Target level 1100 and 1225
SYMPHONY WAVE COUNTSElliot wave labels on monthly time frame chart.
seems like symphony has completed entire 5 wave impulse cycle on primary degree to form Cycle degree wave 1 and currently we are in cycle degree wave 2 correction.Price wise we have seen 61.8% retracement(shown in white) of entire cycle wave 1 getting achieved in wave W of cycle wave 2 from where we have seen decent bounce.However this bounce has failed to cross intermediate wave B of Primary wave W which also coincided with 61.8% retracement(shown in yellow) of wave W at 1515 level.Meaning bounce could be wave X,going further we have seen price retracing, rise from 800-1515 swing by 80%(shown in red) and not going below it's previous swing low of 800,meaning wave x is sub divided in 3 sub-wave ABC.
Hence we can conclude that cycle wave 2 has taken a form of complex correction WXY of which wave W is done and wave X is going on.Of this wave X,wave A is done and wave B is in progress end of which can be confirmed once we see close above 1080.Once wave B is done we can see price rising till 1515 level in the form of wave C of wave X.
As price have already reversed from 1515 level twice,wave C of wave X can terminate at the same level as we also have 61.8% retracement of wave W at 1515,however it's not necessary for wave C of wave X to end at 1515.
Overall once wave X is done we can again see fall in the form of wave Y of WXY complex correction which can take price again to 800 odd levels.
For long-term investment one should look to buy this stock at 800 odd levels and stay invested as once cycle wave 2 is done we can see stock crossing cycle wave 1 high's,but this would take lots of time.
Disclaimer:This are just my personal views on the stock no position should be build or exited on its basis.Posting this analysis just for my future reference.
SYMPHONY LTDA wolfe wave has been spotted in Weekly Time Frame. After the covid fall the Wolfe wave has already activated.
Currently the stock is forming its 2nd Wave. The 3rd wave is yet to be initiated. Hopefully it will take a support from this level to 911 and initiate the 3rd wave. So it's a accumulation zone. One can accumulate from here or after getting a reversal.
Stop loss and Target would be updated later.
Chart & Analysis
ADARSH DEY
