Tuesday, January 27, 2015

Sintex-Ltd-Rs.113/- The stock has been consolidating for last six months and has just give a break out above 100/-. One of the noticing features of the consolidation is that the stock has consolidated took support at the 200 month EMA and then started to move up. notice the volumes also which are very high during the movement from 200 month ave which is a sign of bullishness. So the stock is pointing towards healthy upward movements from current levels.Will the stock move above 2010 high of Rs.239 only time would tell the same. Stop Loss:Rs.95.

May All be Happy and Peaceful
Mahiidar M
Enjoying Life
Trend is Friend.

No comments:

Post a Comment