padiyara

Sintex:111 in Primary wave[3] expected 253 to 370 in long term

NSE:SINTEX   SINTEX INDUSTRIES
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7
Primary wave 1 concludes at 134.2 with 117.70 points
gain in 18 month.wave corrected 62% in time & price.
wave 3 in expected 253 to 370 minimum range.
In principle a primary wave takes a couple of years to complete.

Time frame could be 18 month or x 1.618 or x 2.618 or anything like that,
normally wave 3 concludes very swift.

(primary wave labels in square bracket doesn't appear.)
Comment: read Square' bracket only
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Comment: NOTICE: A small issue overlooked, please read as....

Intermediate wave (1) concludes at 134.2 with 118 points
gain in 18 month.wave( 2) corrected 62% in time & price
wave (3) in expected 253 to 370 minimum range.

In principle a primary wave takes a couple of years to complete.
and an intermediate wave take moths to an year or so.

Comments

Great analysis ... and a detailed elliott wave explanation

i have been tracking this script from a very long time (entered between 82 to 85)

yes target should be reaching soon
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padiyara joel-vg
@joel-vg, thanks
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pvmahadevan padiyara
@padiyara, sir after de-merger sintex industries is Rs 30 now.

what will be the price of new scrip sintex plastic? any idea?
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padiyara pvmahadevan
@pvmahadevan, Definetly Double to the sintex price, as per the asset allocation ratio (₹ 104 x63.68%= 66).
Nobody can predict the speculative price, what ever market trade will be the price finally. pplastic having a good business with maruti etc. Expecting to trade towards a good PE.

By the way the price for sintex is not reached yet it should be around ₹104 36.38% = ₹37.00 approx:
Reply
padiyara pvmahadevan
@pvmahadevan,Cue.... If sintex Plastic trade below that price when listed and allotted ,

it will gradually settle in to that price, in few trading session.
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pvmahadevan padiyara
@padiyara, thank you Sir !!!
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padiyara pvmahadevan
@pvmahadevan, you are welcome
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Reached 52 week high..I hope moving to the next tgt 125
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padiyara RaghuveerMunipalli
@RaghuveerMunipalli, easy i think.
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