SINTEX PLASTICS TECHNOLOGY LTD BSE:​SINTEXPLAST

The hush puff of listing is over and now time to go long in a very systematic and disciplined way . cmp 81 . allocate 25% and on every dip till 54.

SPTL has been on a downtrend ever since the de-merger. The price action and oscillator divergence in the 4 hour time frame indicate that the bottom might be in place with 75 levels acting as a good support. The possible trend reversal would be confirmed with a trend line break above 85 levels with 90 acting as the first target. The stock has limited downside risk...