Shardul Kulkarni, senior technical analyst at Angel Broking told CNBC-TV18, "I have a sell on Sintex Industries. The sell call is basically in the futures segment. If we actually see, Sintex has given a clear trend line breakdown."
"Going forward, we may see the stock move to around Rs 44-43 in the near future. So with a stop loss of Rs 48.50, it makes sense to sell Sintex June Futures. The recommendation would be that one can sell at the current price or add on to positions below the level of Rs 46. The most logical target should be Rs 42," Kulkarni said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
