Thursday, May 5

Nifty and Sintex Technical View

Sintex Industries
Sintex is trading with rising tops on daily chart and trading firmly above 200 DMA which is adding bullishness to stocks for extreme short term.
RSI rising is positive for the stocks.
Stochastic in Buy Zone.
As shown in chart stock is in multiple resistance zone of group of trend lines and a close above it will bring momentum to the stock.
Buy above 183.50 Tgt 186.7 and 190
Nifty Daily Chart
Nifty has taken support over the trendline which we have discussed yesterday in the chart and gave a bounceback from the levels.
There is …
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