Sybly Industries
We have covered this stock in our Last 3 Analysis
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .
Traders can add to exiting long from 9.3 9-9.3 in range 10.2-10.3 with SL of 9.5 and Target of 11.56-12-12.9 .
From 8 to 12.2 Stock almost gave 40% return in 2 months time frame. Sybly Industries declared its result yesterday as below
Fundamentally price has started justifying the price and Technically Stock looks very strong.
As per Gann 11 is very Important number and Weekly closing above it is very bullish. Stock already moved to Rs 12 and closing above 12 can add more momentum to stock as volumes have been quiet good in run up. As per Elliot wave stock is in its 3 wave which is generally fast and furious so we can see good rally in coming 2 weeks.
Traders can enter fresh Longs in range of 12.1-12.2 for Target of 14-14.5 with a SL of Rs 11
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity.
Target 14.5 is reached…is it going to rise further?
Book profit if ur satisfied or trail position Managing position is prerogative of trader..
SIRJI I HAD BOT AT 7.50 ON YOUR RECOMENDATION THANKS A LOT.