Sinner has been performing well with rise in volume and price as we have discussed in our last 2 post. Good News is FII has continued their Buying for 2 day buying another 2 lakh stock which can be seen on BSE BULK DEAL which indicates smart money is entering the stock and some good development happening soon as price is also reflecting the same.
As seen in below charts, stock has given a fresh weekly breakout on close above Rs 14 with rise in volumes. The Height of Channel is 3 points for Stock can rally all the way towards 17 Rs in short term. For Short term we can see at least a 10% rally. Also as per EW target comes around Rs 18
Fresh Trade can be taken in range of 14-14.2 With SL of 13 Tgt 14.6/15.5/16.3 in 10 days time frame.
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.