SYM Technical Analysis: Potential Bullish SetupSYM (Symmetry Group Ltd) is currently in an overall bullish trend and holding above a rising trendline. The price is currently at the Fib Golden Zone. The RSI is synced with price action, which supports the bullish outlook. In addition, there's a potential hidden divergence that could signal continued upward momentum. A possible gap fill towards 11.88 might also present a good buying opportunity.
Trading Recommendations:
Buy 1 (CMP): 15.05
Buy 2: 14
Stop-Loss: Closing below 9
Take Profit 1: 21
Take Profit 2: 26
Take Profit 3: Open
Happy trading!
SYM trade ideas
SYM - PSX - Technical AnalysisSYM is in bull run.
At present KVO is suggesting a strong bull run; however, a bearish divergence has formed on RSI, which may cause the prices to retrace a bit which is good as then a Higher Low of the Bull cycle will be defined and then price will again go up. Therefore, buy on dip is quite possible but in case price continues to go up then Buy-3 should be executed, otherwise Buy-1 and Buy-2 would suffice.
Trade Value:
Buy-1: 17.17 (at fib 0.38 retracement)
Buy-2: 16.33 (at fib 0.50 retracement)
Buy-3: 20.11 (if Buy 1 and Buy 2 are not triggered)
TP-1: 21.67
TP-2: 23.63
SL: 12.30
SYM ready for the take off !SYM has successfully retraced to the trendline of Pennant. After successfully forming Pennant, the stock has went into healthy consolidation and retraced to the levels and finally about to break the last LH around 10.90, which posed to be a significant resistance level.
Once SYM crosses 10.91, it will be poised to reach 16 soon after giving further confirmation by breaking the Pennant pole @ 11.90 level, potentially offering around ~50% upside on current levels.
SYM | Bullish Pennant PatternThis chart shows a symmetrical pennant formation for Symmetry Group Ltd., indicating a potential breakout. The pattern suggests bullish momentum if the price breaks upward, with key targets set at different levels: the initial target at 10.90 PKR, a double top target at 11.85 PKR, and a pennant target at 14.45 PKR. A stop loss is defined at 8.89 PKR, mitigating downside risk if the breakout fails. This setup suggests traders are anticipating upward movement, with increasing potential as targets are met, though the stop loss limits potential losses in case of a downward move.