SINTEX Daily NSE Stock Chart Technical Analysis:
Sintex has been falling all of December and continued the trend today. But a correction seems possible.
Today's Close & CMP: 170.45
Market Outlook:
- There is a possibility that the price may remain range bound tomorrow or until Friday. And then, it could make an upward movement, giving an opportunity to go long and make money on the rise.
- Enter only if the stock exhibits an upward movement.
Technical Indicators:
- Sintex's price crashed in the initial part of the day but rallied back up when the market was near its close.
- The stock was traded very actively today and seems like it has neared exhaustion of the bearish move.
- Targets for a long position are 187 and 200 (200 and even more does seem achievable if the stock starts make an upward correction.)
- This upward move is subject to NIFTY, if NIFTY falls significantly, the upward rise could get affected.
SINTEX Daily NSE Stock Chart Technical Analysis
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