Friday, January 3, 2014

Trading Sintex Ind's Ascending Triangle

As per the observation the stock had performed well in market. From last September 2013, now the stock is giving clear indication of a continuation and the stock price is expected to move up to 43/52 which are the next potential resistance.

The RSI is above 70 and making a bearish divergence thus forming the stock as a risky trade and can be advised to traders with quick entry and exit strategy.