Sybly Industries: Stock Showing Multi Year Breakout

By | July 25, 2016

Sybly Industries

We have covered this stock in our last analysis,

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

Stock made a High of 9.6 last Friday thus fulfilling our target.

Sybly is also showing a good Year Long Breakout and Volumes have been pretty good in last few sessions. As per Elliot Wave Theory Stock can show a rise till 11.5-12 before showing any decent correction.

 

So as per below chart

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

Sybly

The aboveĀ  Stocks is not investment pickĀ  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.

5 thoughts on “Sybly Industries: Stock Showing Multi Year Breakout

  1. Bramesh Post author

    Its a technical call. I have told this when stock was trading at 8 now trading at 10 so till my sl is not triggered am happy to hold. I do not have expertise on FA..

  2. Naveen

    Fundamentally this company has nothing going for it. And, most shares in the company are held by individuals.

  3. Naveen

    Wouldn’t you be worried with today’s shooting star candle formation?

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