Saturday, February 09, 2013

Sintex - Technical Update

  1. Sintex is forming a continuation HnS pattern as seen on Daily chart above. 
  2. The preceding downtrend may continue. 
  3. A small pennant is forming just around the NL, a BD from its lower boundary should be a good entry point in this downtrend.
  4. RSI and ROC have given BD from TLs. Currently getting resisted at their respective MAs.
  5. A weekly chart is attached below for reference.

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