Syntax- Tanks are very strong-Dark horse of the game

When I was kid- I was fond of Sintex tanks- as my elders use to tell me that Sintex tanks- never leaks so here as well Sintex would not leak from channel downside. Yes, it has been running a complex correction since March 2015 from highs of 134- Likely I will interested in this stock once it moves above 90 & sustains or shall look down in the zone of 60-65's as support & later 45-50's where bottom channel could provide better support.

Weekly bearish engulfing candle indicates weakness in the stock, but I shall be looking this stock as a dark horse for years to come as it has potential to go beyond 135 in the zone 225-250's

Trade active: 14:00 Hrs 13th Oct2016

Trade active: 07:02 Hrs 24th Nov2016

Last Price@73

There could be small bounce back as 70 is holding quiet well but long term I shall be looking for more down as expected earlier in 60-65 zone or sustains above 90 for upside move.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.