as per wolfe wave trading, sintex indutries have touched the expected target 104 & may face selling pressure at current levels. as you can see in chart, price failed to close above green line for the forth time. RSI & MACD also showing overbought condition. still i will wait for the price to close below its 20 tma line. keep a watch on this stock. risky traders can go short @ current level with stoploss of 105 on closing basis.
No comments:
Post a Comment