joel-vg
Long

sintex a multi bagger

NSE:SINTEX   SINTEX INDUSTRIES
221 2 2
Sintex             as per elliott wave should be completing one wave today to go up between 96.5 to 97.5

and then will retrace wave 2 may be upto 94 levels

wave 3 should then start which should target a minimum of 160
Trade active: today to go up between 96.5 to 97.5
Comment: 97 is 62 % extension for wave 5
Comment:
snapshot
Comment: appears like the fifth wave is moving as an ending diagonal
Trade closed: target reached: trade achived today itself
Comment:
snapshot
Comment:
snapshot


IF Wave 2 is completed - we will not get any retracement

if wave 2 is not completed - then we will get some retracement

to me it appears like wave 2 not completed - hence we can get a retracement

it looks like it will go into an irregular correction
Comment:
snapshot
Hi Joel ,

Very Informative Chart on Sintex:) Do you believe that Sintex can cross 100 in coming few days? What does ur chart say about that ?

Regards
Anish
Reply
joel-vg anishg86
@anishg86,

Dear anish , thanks for the complement .
as per elliott wave - sintex is in heat of wave 3 - means it is highly bullish
right not an ending diagonal pattern is going on - it can zig -zag between 90 to 100 for few more weeks to maximum one month
as per wave theory - there should be a break out above 100 within one month
Reply
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