Buy Sintex India, says Rakesh Gandhi

Buy Sintex India, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "Sintex India has seen a good move from Rs 140 levels till Rs 170 which was a resistance, that is Rs 165 or so and now that the stock is trading above that and if it sustains above Rs 165 level it has a potential to go upto Rs 190 or odd. So one can buy that stock or hold on if it has been bought at the lower levels and book profit may be around Rs 190 or so."
He further added, "IVRCL has given a great formation of an ascending triangle and given a breakout above I would say Rs 85 and this breakout I think has a potential to take the stock to the level of Rs 105 or may be upto Rs 110 also. So this could also be bought on declines and if it is bought, it should be hold and an ideal stop loss should be Rs 80 at this point of time." Disclosure: I do not hold any personal positions in the above stock but we have been regularly recommending at LKP.