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Regarding Symphony Share

Discussion in 'Technical Analysis' started by rrjain319, Oct 26, 2016.

  1. rrjain319

    rrjain319 Member

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    Hello Everyone,

    Would like to know technical analysis for Symphony shares.

    For quiet a long time it was trading sub 1200 level, however yesterday it crossed 1300 level..

    Is it recommended to "HOLD" or should I "EXIT"..

    My purchase price : Rs 1208/-

    Thanks and Regards,
    RJ
     
    rrjain319, Oct 26, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    RJ you should hold as it has given a breakout on weekly chart above 1300 and so that can be your stop loss to hold for a target of 1600.
     
    shabbir, Oct 26, 2016
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  3. rrjain319

    rrjain319 Member

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    Thanks for quick guidance.
     
    rrjain319, Oct 26, 2016
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Oct 26, 2016
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  5. sethuramcbe

    sethuramcbe Responder

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    One of my friend only buys symphony
    He doubled the money invested in a short time and the company is good.
    The fun thing is he only buys symphony at 1150 -1300
    So i would say HOLD if you can
     
    sethuramcbe, Oct 27, 2016
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  6. sethuramcbe

    sethuramcbe Responder

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    The learning from past 1 year is
    Accumulate good company when the swing between a fixed upper and lower region
    for e,g Symphony here we assume it swung between 1000 - 1200
    So we accumulate monthly 100 so in a year we have 1200 stocks at 1100 price range
    When this breaks to 1300 one have an reasonable profit of min 18%CAGR

    I have missed many oppurtunity where i misunderstood breakout stocks and i exited early

    Lesson learnt put money when a stock moves up not down
     
    sethuramcbe, Oct 27, 2016
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