Sybly Industries looks ripe for further gains

By | August 12, 2016 1:10 pm

Sybly Industries

We have covered this stock in our Last 3 Analysis

1 Analysis

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

2 Analysis

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

3 Analysis

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

BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has reported strong set of numbers with 46.67% growth in sales at Rs.23.19 cr in Q1FY17 vs Rs.15.81 cr in Q1 FY16  and EBITDA Jumped by 271% to Rs.1.28 cr in Q1FY17 vs Rs.0.34 cr in Q1 FY16; company reported 400 bps expansions in EBITDA margin during the Q1FY17. PAT grew to Rs.0.98 cr in Q1FY17 vs Rs.0.017 cr in corresponding qtr of last year.

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.

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.

3 thoughts on “Sybly Industries looks ripe for further gains

    1. Bramesh Post author

      Book profit if ur satisfied or trail position Managing position is prerogative of trader..


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