Sintex - Technical Update

by Dean Market Profile on Saturday, February 09, 2013 in Sintex, Stocks, Updates

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

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Saturday, February 09, 2013

Sintex - Technical Update

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