🚨 Breakout Alert on SYRMA (Weekly)
After 1.5 years of sideways consolidation, SYRMA has finally broken out with strong conviction. The breakout is supported by the highest weekly volume seen in months — signaling smart money accumulation.
📊 Technical Setup:
🔹 1.5-year base formation now broken
🔹 Breakout candle closed above resistance with strength
🔹 Volume spike confirms breakout validity (HVE)
🔹 Structure resembles classic Stage 2 breakout
🟢 Ideal retest zone: ₹670–₹680
🛑 Support zone: ₹635–₹645
Fundamental Snapshot:
✅ Revenue: ₹2,000 Cr → ₹3,800 Cr in 2 years
✅ Net Profit up 50% YoY
✅ EPS (TTM): ₹9.57
✅ Promoter holding: ~46%
✅ Dominant player in EMS & IoT hardware
⚡Macro trend supports domestic electronics manufacturing — still early in the cycle.
After 1.5 years of sideways consolidation, SYRMA has finally broken out with strong conviction. The breakout is supported by the highest weekly volume seen in months — signaling smart money accumulation.
📊 Technical Setup:
🔹 1.5-year base formation now broken
🔹 Breakout candle closed above resistance with strength
🔹 Volume spike confirms breakout validity (HVE)
🔹 Structure resembles classic Stage 2 breakout
🟢 Ideal retest zone: ₹670–₹680
🛑 Support zone: ₹635–₹645
Fundamental Snapshot:
✅ Revenue: ₹2,000 Cr → ₹3,800 Cr in 2 years
✅ Net Profit up 50% YoY
✅ EPS (TTM): ₹9.57
✅ Promoter holding: ~46%
✅ Dominant player in EMS & IoT hardware
⚡Macro trend supports domestic electronics manufacturing — still early in the cycle.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.