SINTEX raising from strong support {Extremely Bullish}SINTEX has broken down trend and retracing strong support.
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About SINTEX
Sector
Industry
Headquarters
Kalol
Website
Founded
1931
ISIN
INE429C01035
Sintex Industries Ltd. engages in spinning, weaving, and finishing of textile products. It operates through the following geographical segments: India, Asia, Europe, and Others. The company was founded on June 1, 1931 and is headquartered in Kalol, India.
Sintex - Rounding bottom special!!!Price action has formed a rounding bottom in daily chart and it is breaking out now. Target for this breakout is 40.5. Let us check the another rounding bottom formation in different time frame. Take the weekly chart. Yes, it is also forming a rounding bottom. It will be completed at 41 - 43 levels.
Buy SintexShort term: Buy around 105 with a stop loss of 100 with a target of 120
Mid term: Buy at CMP 110 stop loss of 100 with a target of 135
Long Term: Buy at 90 stop loss 65 Target 230
SINTEX - BIG BREAKOUTIt 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 valu
sintex long term betit is quite significant that this stock has given a breakout successfully on monthly chart and opened a room till 130 levels. strategy should be enter in this stock in staggered way or accumulate in range of 90-96 for a bigger target of 130+ level.
day traders can go long with 95 as sl
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
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