{"id":617261,"date":"2013-03-13T10:33:30","date_gmt":"2013-03-13T05:03:30","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=617261"},"modified":"2013-03-13T10:50:43","modified_gmt":"2013-03-13T05:20:43","slug":"analysis-symphony","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/13\/analysis-symphony\/","title":{"rendered":"Analysis: SYMPHONY"},"content":{"rendered":"<p>Today\u2019s pick is SYMPHONY [stockquote]SYMPHONY[\/stockquote]. The stock started the year with a range bound movement, which broke out on the downside to reach Rs. 200 levels. After finding support there, the stock started its up-move to see its 52 weeks high of Rs. 455 in October. It then retraced the gains to find support at Rs. 300 levels. Since then the stock has been on an up-trend. In the last three months, the stock moved <b>+21<strong>%<\/strong><\/b> vs. a flat Nifty.<\/p>\n<p><a title=\"SYMPHONY Technical Analysis Chart\" href=\"http:\/\/stockviz.biz\/StockDive?TICKER=SYMPHONY\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 10px;padding-left: 0px;padding-right: 0px;padding-top: 0px;border: 0px\" title=\"SYMPHONY Technical Analysis Chart\" alt=\"SYMPHONY Technical Analysis Chart\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/03\/STOCK.SYMPHONY2013-03-13.png\" width=\"602\" height=\"482\" border=\"0\" \/><\/a><\/p>\n<p>Oscillator <a href=\"http:\/\/stockviz.biz\/index.php\/part-ix-relative-strength-index-rsi\/\">RSI<\/a> and <a href=\"http:\/\/stockviz.biz\/index.php\/technical-trading\/chande-momentum-oscillator\/\">CMO<\/a> are crawling towards over-bought territory. The stock has just broken out of a channel and is currently trading at the top of the <a href=\"http:\/\/stockviz.biz\/index.php\/2012\/07\/27\/bollinger-bands\/\">Bollinger band<\/a>s.<\/p>\n<p>The <a href=\"http:\/\/stockviz.biz\/index.php\/part-xi-moving-average-convergence-divergence-macd2\/\">MACD<\/a> line and signal line are moving very close to each other, not giving any direction to the stock. Also, the Long-term and short-term <a href=\"http:\/\/stockviz.biz\/index.php\/technical-trading\/guppy-multiple-moving-averages\/\">GMMA<\/a> lines are contracting, unable to provide any outlook for the stock.<\/p>\n<p><a title=\"SYMPHONY correlation chart\" href=\"http:\/\/stockviz.biz\/StockDive?TICKER=SYMPHONY\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 10px;padding-left: 0px;padding-right: 0px;padding-top: 0px;border: 0px\" title=\"SYMPHONY correlation chart\" alt=\"SYMPHONY correlation chart\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/03\/cor.SYMPHONY2013-03-13.png\" width=\"630\" height=\"210\" border=\"0\" \/><\/a><\/p>\n<p>SYMPHONY\u2019s average <a href=\"http:\/\/stockviz.biz\/index.php\/tag\/correlation\/\">correlation<\/a> with the <a href=\"http:\/\/stockviz.biz\/Technicals.aspx?INDEX=NIFTY\">Nifty<\/a> is <b>zero<\/b>. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n<p><a title=\"SYMPHONY Volatility chart\" href=\"http:\/\/stockviz.biz\/StockDive?TICKER=SYMPHONY\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 10px;padding-left: 0px;padding-right: 0px;padding-top: 0px;border: 0px\" title=\"SYMPHONY Volatility chart\" alt=\"SYMPHONY Volatility chart\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2013\/03\/Vol.SYMPHONY2013-03-13.png\" width=\"630\" height=\"210\" border=\"0\" \/><\/a><\/p>\n<p>SYMPHONY has a historical <a href=\"http:\/\/stockviz.biz\/index.php\/2012\/07\/17\/understanding-volatility-part-i\/\">volatility<\/a> in the narrow range of 1 to 4. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n<p>Globe capital has a <a title=\"Fundamental research\" href=\"http:\/\/globecapital.cmlinks.com\/Downloads\/Investment%20Ideas.pdf\">buy call<\/a> based on fundamentals:<\/p>\n<p>\u00b7 Q2FY2013 financial performance \u2013 48% growth in PAT<\/p>\n<p>\u00b7 Large dealer-distribution network<\/p>\n<p>\u00b7 Exports to boost sales in near term<\/p>\n<p>\u00b7 Increasing temperature and global warming to fuel demand for air coolers<\/p>\n<p>\u00b7 Industrial air cooling \u2013 growth driver to profitability<\/p>\n<p>Given the technicals, we suggest a short-term<b> <\/b>and a<b> <\/b>long-term <b>BUY<\/b>. Also, it is advisable to have a relaxed <a href=\"http:\/\/stockviz.biz\/index.php\/2012\/10\/09\/setting-trailing-stop-loss-percentages\/\">trailing stop-losses<\/a> level to book profits in case of a trend-reversal.<\/p>\n<h6 class=\"zemanta-related-title\" style=\"font-size: 1em\">Related articles<\/h6>\n<ul class=\"zemanta-article-ul zemanta-article-ul-image\" style=\"margin: 0px;padding: 0px;overflow: hidden\">\n<li class=\"zemanta-article-ul-li-image zemanta-article-ul-li\" style=\"margin: 2px 10px 10px 2px;padding: 0px;width: 84px;text-align: left;font-size: 11px;vertical-align: top;float: left\"><a style=\"padding: 2px;text-decoration: none\" href=\"http:\/\/stockviz.biz\/2013\/03\/12\/analysis-drreddy\/\" target=\"_blank\"><img decoding=\"async\" style=\"margin: 0px;padding: 0px;border: 0px currentColor;width: 80px\" alt=\"\" src=\"http:\/\/i.zemanta.com\/151598427_80_80.jpg\" \/><\/a><a style=\"padding: 5px 2px 0px;height: 80px;line-height: 12pt;overflow: hidden;text-decoration: none\" href=\"http:\/\/stockviz.biz\/2013\/03\/12\/analysis-drreddy\/\" target=\"_blank\">Analysis: DRREDDY<\/a><\/li>\n<li class=\"zemanta-article-ul-li-image zemanta-article-ul-li\" style=\"margin: 2px 10px 10px 2px;padding: 0px;width: 84px;text-align: left;font-size: 11px;vertical-align: top;float: left\"><a style=\"padding: 2px;text-decoration: none\" href=\"http:\/\/stockviz.biz\/2013\/02\/14\/analysis-auropharma\/\" target=\"_blank\"><img decoding=\"async\" style=\"margin: 0px;padding: 0px;border: 0px currentColor;width: 80px\" alt=\"\" src=\"http:\/\/i.zemanta.com\/145301557_80_80.jpg\" \/><\/a><a style=\"padding: 5px 2px 0px;height: 80px;line-height: 12pt;overflow: hidden;text-decoration: none\" href=\"http:\/\/stockviz.biz\/2013\/02\/14\/analysis-auropharma\/\" target=\"_blank\">Analysis: AUROPHARMA<\/a><\/li>\n<\/ul>\n<div class=\"zemanta-pixie\" style=\"height: 15px;margin-top: 10px\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: currentColor;float: right\" alt=\"\" src=\"http:\/\/img.zemanta.com\/pixy.gif?x-id=561b3cdd-b9fe-46a0-9c33-de913e97bab5\" \/><\/div>\n<p> <\/p>\n<div style=\"height:200px;border-bottom: grey 1px solid;border-left: grey 1px solid;padding-bottom: 0px;padding-left: 10px;width: 100%;padding-right: 0px;border-top: grey 1px solid;border-right: grey 1px solid;padding-top: 0px\" class=\"roundedCornerSmall\">\n<div style=\"margin-top: 70px;float: left\"><a style=\"font-family: segoe ui;color: black;font-size: 18px;font-weight: 600\" href=\"http:\/\/stockviz.biz\/index.php\/2012\/11\/29\/the-stockviz-demat-account-2\/\">Open a StockViz Demat Account today!<\/a> <\/div>\n<div style=\"float: right\"><a href=\"918026650232\"><img decoding=\"async\" style=\"border-right-width: 0px;border-top-width: 0px;border-bottom-width: 0px;border-left-width: 0px\" alt=\"call us qr code\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/web-static\/QR_CODE_DIRECT_CALL_634909979709728491.png\"><\/a> <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s pick is SYMPHONY [stockquote]SYMPHONY[\/stockquote]. The stock started the year with a range bound movement, which broke out on the downside to reach Rs. 200 levels. After finding support there, the stock started its up-move to see its 52 weeks high of Rs. 455 in October. It then retraced the gains to find support at &hellip; <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[747,815],"class_list":["post-617261","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-symphony","tag-technical-analysis","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/617261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=617261"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/617261\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=617261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=617261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=617261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}