Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Sintex Industries took support near the 200-day moving average (DMA) and today it bounced back sharply. The stock broke the resistance of Rs 113 with good volumes. It has given a breakout of an inverse head and shoulder pattern on the daily charts. So I am expecting a sharp upmove in Sintex. It can test Rs 125, so one can buy it with a stop loss of Rs 114."At 14:39 hrs Sintex Industries was quoting at Rs 116.80, up Rs 6.70, or 6.09 percent. It has touched an intraday high of Rs 118.50 and an intraday low of Rs 111.25.Disclosure: Analyst has no personal holdings in the stock but has recommended them to his clients.
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