Sybly Industries: Stock Ready for Fast move

Sybly Industries

We have covered this stock in our Last 2 Analysis

1 Analysis

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

2 Analysis

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 .

Stock made a High of 11.1 last week but it was a freak high as very few shares were traded but we had weekly closing above 10 or double digit  after a gap of almost 8 years suggesting bullishness can continue further.As per Gann also 11 is very sacred number and closing above it we can expect a quick 8-10% move.

So as per below 2 Supply and Demand chart of Both Weekly and Monthly

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  .



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.Please also do your own study before trading this stock and trade in small quantity.

2 thoughts on “Sybly Industries: Stock Ready for Fast move”

Leave a Reply