Buy Sintex Ind; target of Rs 265: India Infoline

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India Infoline has recommended buy rating on Sintex Industries with a target of Rs 265, in its November 25, 2009 report.

"Sintex Industries advanced by over 3% and closed above its 50-DMA, suggesting continuation of an intermediate uptrend. Moreover, the swift movement in the stock over the week was backed by impressive volumes. The stock has broken out from the overall base-like pattern formed during the past three weeks. In fact, the last couple of trading sessions represents a high level bullish congestion area between Rs238-245. Based on the above-mentioned technical evidences, we recommend traders to buy the stock at current levels and up to the levels of Rs 240 for target of Rs 260 and Rs 265. A stop loss of Rs 234 is recommended on all long positions," says India Infoline research report.

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