Sybly Industries
We have covered this stock in our Last 4 Analysis
Traders can take long in range of 8-8.2 with SL of 7.7 and Target of 9.2-9.5.
Traders can take long in range of 9-9.3 with SL of 8.5 and Target of 11.5-12 .
Traders can add to exiting long from 9.3 9-9.3 in range 10.2-10.3 with SL of 9.5 and Target of 11.56-12-12.9 .
Traders can enter fresh Longs in range of 12.1-12.2 for Target of 14-14.5 with a SL of Rs 11
From 12 to 14.5 Stock almost gave 20% return in 2 weeks time frame. Sybly Industries declared its result yesterday as below
Todays fall look like a panic fall which was not led by volumes. This Kind of fall is seen in many small and mid cap stocks when some large investor exit its stakes. Same thing happened with Dish TV last quarter stock made a panic low of 80 than in next 3 months made high of 104.
Today’s Low in stock is 11 which is Gann number as discussed in past analysis so holding today’s low stock can bounce back again till 14.5-15 by September end.
Traders can enter Longs in range of 11.3-11.5 for Target of 14.5-15 with a SL of Rs 10.5
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity.