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Published on 21/08/2020 2:58:07 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Symphony Ltd For Target Rs. 940 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #HDFC Securities #Symphony Ltd #Trading Report #Consumer Durables Sector

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Momentum Pick - Buy Symphony Ltd For Target Rs.  940HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance.

The short-term trend has turned positive. We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication.

The overall chart pattern of PEL July Future indicates a short trading opportunity.

One may look to create long trading position as per the levels mentioned above.

Buy Symphony Ltd 1-7 DAYS  850, 863.40  TGT 940 SL 838

 

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