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Girish
Jan 3, 2017 2:36 PM

SINTEX - Long Long

Description

Multiple lows near 70 zone. Last week, price showed early signs of buying interest. Today there seems to a good buying interest. A TLB on the weekly chart, can be further indication of price wanting to move up.

I'm long with STOP below 70. So, I'm biased that way.

Comment

Looks like there's a TLB break-out at open today.

A close above 92 will be a confirmation.

Comment

Today's move can be the trigger on SINTEX for a weekly close above 92-93.

If this happens, I expect a retest of prev weekly highs. :)
Comments
Girish
Price fell yesterday after making of 91.15. So, the TLB resistance zone played out and price was unable to cross 92.

Below 80, long view negated. Will exit current position.
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