Technical View – Sintex
Industries
Sintex
Industries is finding support at 109 and resistance at 118. On Daily chart, Sintex
Industries MACD & RSI showing positive momentum which indicates that upper
side seems certain in it. Break and sustain above 109 will see nonstop rally in
Sintex Industries till 125---135 and then 150++ in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks
positive and we expect rally to remain continue till 150+++mark in coming weeks.
For positional trade, stop loss seeing below 109 on closing basis which in
unlikely to breach in near terms.
Trading Recommendation - Buy Sintex Industries above 118
for the initial upside target of 125—135 and then 150++ mark with stop loss
below 109 on closing basis.
More will update soon!!
