SYRMA SGS TECHNOLOGY This chart seems to change its long term trend with volumes .
my view could be buy on dips and for long term it could be a good investment.
SYRMA trade ideas
#SYRMA: Target 649 in 2-3 Weeks, Strong Bullish Momentum #SYRMA: Target 649 in 2-3 Weeks, Strong Bullish Momentum
Syrma inside bar setup with poteicial breakout trade ideasyrma chart is showing regular inside bar formation, indicating a consolidation phase. the current price is near the upper range, and i believe could spike and break this range.
setup inside bar+ potential breakout
syrma** Says co's auto and healthcare business, which led growth in Q2, will drive future growth
** Motilal Oswal expects recovery in margins to continue, fuelled by higher exports, design and manufacturing businesses
** Co faces margin challenges as consumer segment, which comprises 35%-38% of topline, operates with lower margins, according to BOB Capital; management aims to lower this segment's share
SYRMA in buySyrma is my last week entry sorry forget to post
In financial analysis we need 2 more years to get under and over value
but have strong fundamental
in technical we have buy but be-careful without financial analysis technical only works with 65%acuuracy
follow the chart no sl
[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout.
Resistance Line (Red Zone):
The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows.
The price consistently meets selling pressure at these levels, pushing it back down.
Support Line (Green Zone):
The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows.
This support forms the lower boundary of the triangle.
Pattern Height:
The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point.
Breakout Targets:
Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level.
Target 2 ~ 550+: The next price target, following continued bullish momentum.
Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point.
Reversal Target (450+):
Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action.
Entry & Stop Loss:
Entry Point: A long position can be considered above the 417 level, as marked in the chart.
Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk.
This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
Syrma SGS Technology LtdSyrma SGS Technology Ltd, Price already show bullish momentum, but wait till the price approach the demand zone
Syrma - potential curve supportSyrma after deep correction is at potentially important curve support
Good risk reward on longs here
Highly volatile stock so do manage your Stop loss
Moving averages crosss overStock - SYRMA TECHNOLOGY LTD
ENTERY - 495
SL - 472
TARGET- 564
#RISKMANAGE
IF 50K CAPITAL
Position size(no of share) 21
Investment of capital 10760
MAX LOSS - 500
PROFIT ------(1500+)
RISK TO REWARD (1:3)
SYRMA trading at channel low is an buy opportunity#SYRMA, an EMS sector company is currently trading a low of the parallel channel and is an excellent accumulation opportunity for long term. The current government is focused on increasing the electronics export from India and so has brought various schemes to support and incentivise the sector.
Long, for a target of 800!
New Age Tech (Syrma)upon analyzing the stock i have come to the conclusion that the stock has concluded wave 2 in recent time...
Syrma SGS Technology can really step up the manufacturing game.Syrma SGS Technology Ltd. engages in electronic designing and manufacturing services. It manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies adapters, fiber optic assemblies, magnetic induction coils and RFID products and other electronic products. The firm operates through segments including Electronic Manufacturing Services and Others.
Syrma SGS Technology Ltd CMP is 501.15. The positive aspects of the company are Company with Low Debt, Improving Net Cash Flow for last 2 years, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are Inefficient use of capital to generate profits, Declining Cash Flow from Operations for last 2 years, Companies with weak financials and High PE (PE=82.9).
Entry can be taken after closing above 526. Targets in the stock will be 591, 629 and 674. The long-term target in the stock will be 702. Stop loss in the stock should be maintained at Closing below 388.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SWING IDEA - SYRMA SGSA potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry.
Reasons are listed below :
The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength.
A hammer candlestick formation on the weekly timeframe signals a potential reversal, hinting at a shift from bearish sentiment to bullish momentum.
Finding support at the 0.5 Fibonacci level further bolsters the bullish outlook, providing a solid foundation for potential upward movement.
The 50-period Exponential Moving Average (EMA) on the weekly chart acts as additional support, reinforcing the bullish bias.
Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding weight to the bullish case.
Syrma SGS has demonstrated a pattern of higher highs, indicating a trend of increasing bullish momentum and reinforcing the potential for upward movement.
Target - 570 // 670
Stoploss - weekly close below 448
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@visionary.growth.insights
Syrma SGS Technology LtdSyrma SGS Technology Ltd
Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization
Syrma is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”), specializing in precision manufacturing for diverse end-use industries. They are leaders in high-mix volume product management and are present in most industrial verticals
Head and shoulderWe can see here is some correction over the share price may be it's making head and shoulder pattern on Syrma SGS
CMP - 622
First think then observe then invest
Resistance Breakout - SYRMAPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
SYRMA BREAKOUT WITH HUGE VOLUMESYRMA current price is 537.75 , has given breakout with huge volume and ready for 600-700-800 in coming months , so buy near 525 , place the stoploss at 510
SYRMA BREAKOUT Buy syrma above 315 target 400
Stop loss 270
Stop between opening ipo price and now it's trying to break resistance go bullish after breakout 25% upmove expected
