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Sintex

Discussion in 'Technical Analysis' started by sujan4bw, Sep 23, 2012.

  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Sintex has formed descending triangle, yet it didn't break down.

    There is breakout of Des Triangle on Friday with very huge volume on weekly chart.

    My view is buy above 69 will have target of 90. Let me know your view.

    Regards
    Sujan
     

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    sujan4bw, Sep 23, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Above 70 would be better option but one year chart for this stock is really really weak and so should be traded with strict stop loss
     
    shabbir, Sep 23, 2012
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  3. charuhas31

    charuhas31 New Member

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    what should be the stop loss in this case ?


    Charuhas
     
    charuhas31, Sep 23, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    55 or even 50
     
    shabbir, Sep 23, 2012
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  5. sujan4bw

    sujan4bw Member

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    Took position in Sintex. bought 2 lots of 75 CE.
     
    sujan4bw, Oct 12, 2012
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  6. kksudin

    kksudin New Member

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    kksudin, Oct 12, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Nice site.
     
    shabbir, Oct 12, 2012
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  8. sujan4bw

    sujan4bw Member

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    sujan4bw, Oct 12, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    shabbir, Oct 12, 2012
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  10. sujan4bw

    sujan4bw Member

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    Downgrade from large brokerages CLSA and CITI on Sintex yesterday, mean they want to buy it at a chapear level.

    Though they downgraded yet it close flat yday. Today opened high of yesterday's close.

    Good play by Institutional guys yet retailers are bullish on the stock.
     
    sujan4bw, Oct 16, 2012
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