sintex elliott pattern we are within wave iii of 3
Sintex Demand and supply as per the technique which sam has used
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
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
SINTEX - i feel it is in the heat of wave 3 . kindly buy when it reaches 85 to 86 in one year time frame it has a target of 160 +
sintex is in wave 2 and should consume mostly 2 weeks between 80 to 95 i will advise 1st part buying when sintex reaches 85-86 2nd part buying when sintex reaches 82 3rd part buying when sintex reach 80
Sintex is within wave iii of wave 3 Look at the chart carefully happy to clarify if you have any questions !
Price has gone through a phase of accumulation and is now at the prior gap zone. Will it breakout or consolidate again? I am clueless and eagerly awaiting the outcome. This one is in my watchlist
Sintex is going to complete wave 1 shall advise buying in the range of 84 - 86
SINTEX IS IN WAVE 5 - SO TRADE CAUTIOUSLY . HOWEVER IT LOOKS TARGET SHOULD BE ABOVE 92
15 MINUTE CHART OF SINTEX
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.
Sintex 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.
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