NeeteshJain
Long

SINTEX - BIG BREAKOUT

BSE:SINTEX   SINTEX INDUSTRIES LTD
It is been observed on the Monthly chart that the price action broke above the downward trendline after 10 years indicating a big move ahead. It is indicating buyers comeback and it shall further take the price up. Interesting thing is that fundamentally the stock is trading below its intrinsic value, which qualifies it for a good investment.

Target 120

Stoploss: 85
Trade active
Trade active: 3% up, now reaching to resistance level of 99 levels. Regards

Comments

I will be happy if that blue line become reality(in this month), joined the trade at 96#
+1 Reply
NeeteshJain VikramRajput
@VikramRajput, It shall do well. Regards
+1 Reply
VikramRajput NeeteshJain
@NeeteshJain, Well its working,Buy Right and Sit tight-Positional trader
Its my first Bull run, So how do stocks behave in Bull run and how to capitalise this opportunities... Small cap/Midcap/largecap whose got my money?
+1 Reply
NeeteshJain VikramRajput
@VikramRajput, If you're investing then you dont need to think of the market movement but if you are trading then you should exit once a sell off observed in the market and then re-enter when the price action is in your favor or at good support levels. Regards
Reply
Joined the bandwagon....hoping for the turnaround.
Reply
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