Stock Radar: Breakout from inverse Head & Shoulder pattern makes Symphony an attractive buy
Synopsis
Short-term traders can look to buy Symphony stock for a possible target above Rs 1000 level in the next 5 weeks, suggested experts. It hit a 52-week high of Rs 1,218 on March 1, 2023, but failed to hold on to the momentum. The stock closed at Rs 933 on January 15, 2024, which translates into a fall of over 23%.
Symphony Ltd, a part of the consumer electronic space, has fallen over 20% from its March 2023 high but the recent momentum has helped the stock break out from an inverse Head & Shoulder pattern on daily charts.Short-term traders can look to buy the stock for a possible target above Rs 1000 level in the next 5 weeks, suggested experts.The stock recently gave a breakout from an inverse Head and Shoulder pattern on the daily chart. The neckline of
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