SYM was in WYCKOFF Accumulation Phase from Sep 2024 to Nov 2024 and broke out from it with supportive Vol Distribution reaching a high of 22. It then started trending in a corrective downward channel and has recently re-tested its breakout level, creating a SPRG on breakout axis line. Now it’s reversal is supported by Volume Distribution as well as it crossing over EMA-20 on 1D TF.
🚨 TECHNICAL BUY CALL – SYM 🚨
🎯 BUY ZONE: Rs. 13.9-15
📈 TP1 : Rs. 17
📈 TP2 : Rs. 19.14
📈 TP3 : Rs. 21.2
🛑 STOP LOSS: BELOW Rs. 11.9 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – SYM 🚨
🎯 BUY ZONE: Rs. 13.9-15
📈 TP1 : Rs. 17
📈 TP2 : Rs. 19.14
📈 TP3 : Rs. 21.2
🛑 STOP LOSS: BELOW Rs. 11.9 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.