I am waiting at 21.50 level for stock to come and pick me up , will it come ?? can some one give me advise when i can expect it ?? or its time to watch the move Very tricky stock , those who understand can only ride this Cheers
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Finally it has decided to reach me and take me before take off any Gap down to 24.00/24.50 is buy for me . this time its Kaboom , Regards
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Time to sit on board for take off
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Did you miss the entry yesterday , if yes sit on board
@Manmit, Yes sir ,its very much relevant , Here i am looking the price to brake the Maiden low and make to 21.50 , Why i am looking is very simple in stock market if everything works as per technical Text books then everyone would have been doing the same thing , i often see when lots of predication starts on Graphical price action charts its more likely the institutional will take every steps against the retail traders interest , i am very much tankful to you and others who have made their efforts in giving me a clear information about this script
Best regards Shivakumar
Manmit
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@shiv2798, Sure Mate. This is a fantastic collaboration platform and we all are learning from the experience of each other. Happy Learning and Keep trading :-)
ParamjitMahapatro
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@shiv2798, i have also similar view , 24 - 21.5 is a good support zone. also it is in line with the .5 - .618 retracement level. so if it coming to that level, then one should accumulate.
It looks like Sintex wants to move higher, but bears are in control at higher levels.
The medium & long term trend is up, but the short term trend has turned down. It needs key drivers to take it through 38/39 levels.
On the downside it has support between 25 to 27.30 zone.
A key trigger could be prices of Crude OIL. If crude falls, the stock may move up, since plastic or HDPE is a derivative of CRUDE OIL.
Secondly, rural demand may also play a important role in moving the stock higher.
However, in the short term the stock may test lower supports at 23.
If it falls below that, it will turn the medium term trend down & then the stock may languish for a few weeks.
I suggest you to move your pick up ride a little higher, to say may be near 24 levels or so, if you see the bulls returning at that point.
21.50 seems unlikely, & if it gets there, chances are, it will move lower or sideways thereafter.
shiv2798
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@Rahul.u.bhagwat,
Yes sir I understand your kind information and let me act as per situation
Once again thank Q
Regards