SINTEX - LongMultiple 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.
SINTEX
Sintex IndustriesSintex could not cross 81-83 zone
and quickly retraced to the area where
we saw a very high volume sell off on 28 july.
Volume is above average in this latest rally from 71 to 88.
Sintex Moving Up (Breaks Resistance)It is been observed on weekly chart that the price action firstly trending under a downward trendline and then breaks out of the trendline with good volumes. Now, it breaks the resistance level of 89 and now trending up in a channel and it shall reach to 95 levels.
Target: 94.50
Stoploss: 84
Triangle Breakout - Study Purpose OnlyExpecting 95-100 Next Target. Would like to get the comments from Seniours Tech Analyst.
Can we say it is a Traingle Breakout? Do you think the draw is fine? Please suggest me and Educate me :)
Thanks.
