Sybly Industries: Stock Showing Multi Year Breakout

By | July 25, 2016 9:19 am

Sybly Industries

We have covered this stock in our last analysis,

Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.

Stock made a High of 9.6 last Friday thus fulfilling our target.

Sybly is also showing a good Year Long Breakout and Volumes have been pretty good in last few sessions. As per Elliot Wave Theory Stock can show a rise till 11.5-12 before showing any decent correction.

 

So as per below chart

Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .

Sybly

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.

Category: Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

5 thoughts on “Sybly Industries: Stock Showing Multi Year Breakout

  1. Naveen

    Fundamentally this company has nothing going for it. And, most shares in the company are held by individuals.

    Reply
    1. Bramesh Post author

      Its a technical call. I have told this when stock was trading at 8 now trading at 10 so till my sl is not triggered am happy to hold. I do not have expertise on FA..

      Reply

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