After prolong underperformance, Sintex witnessed a V shaped recovery in late 2013 and reversed its short term negative trend.
It gained nearly five times from the bottom in less than a year time and scaled above the crucial hurdle of 200 EMA on the weekly chart as well.
Post that move, it consolidated in range of 70-100 level for nearly one and half year and witnessed an upside breakout from the same in January, 2015. Recently, it has retraced to neckline area of the consolidation range; providing a fresh buying opportunity. Participants can utilize this to accumulate it between 103-CMP (105.70) with closing below stop loss of 95 for the target of 128.