This analysis is purely based on Price action. The analysis is done on monthly chart hence it may take one month to several months to achieve the final target. Traders must keep this in mind while trading.
As can be seen from the chart, 815 level is a MULTI-YEAR support level for the price. After multiple rallies, price has come down to test the support level...
The stock looks all set to start up rally with first target of 933, second target of 1074, sl:820.
Disclaimer: The stock/index/currency discussed do not constitute Investment advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and or consult investment advisor before making any investment decisions.
Symphony coming out from long down-ward cycle, but closing above 1406 will give more convection to buy. I am looking for buy with sl 1320 with target of 1406/1456/1520++.
Took support near 1160 area which is a strong Support zone. Same is confirmed using Fib Fan 0.75 levels.
Sees Demand Zone around 1180 areas.
Came below 300 DEMA which is stock's personality.
Fundamentally a strong company with almost no debts.
Can be considered for Long Term portfolios.
Is at 100 MAR levels on weekly charts, and has breached (hovering around) 365 MAR levels in Daily charts.
Results this quarter are bad than expected due to GST effect. Though company is fundamentally sound and is almost debt free.
