SYMPHONY LTD ANALYSIS

15 ธ.ค. 2024

FOR LEARNING PURPOSE

SYMPHONY LTD - The current price of SYMPHONY LTD is 1349.95 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. It broke a strong resistance zone with great volume and now retesting that level

3. It is showing better relative strength as it stood strong in volatile times

4. The risk and reward is favourable

5. The recent results has been great and it will act as some catalyst

6. The stock has not done much in last few years but it looks like that it can perform better in coming months

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 1177 rupees
I will be managing my risk.