A very neat triangle pattern on the charts in the daily charts. Small resistance at 2275-2280, crossing and sustaining above that may propel the stock to higher levels. Buy Sbin only above 2280 with a stoploss of 2240 and look for targets of 2320/2345. Now above 2350-2370 zone, there could be another round of buying, so in that case will update again.
Stock View: Sintex
The stock was trading in the downward sloping channel for the whole month of May, now as u see in the charts in June it is trying to break from the channel. In addition to this there are multiple tops around the level of 283. Buy Sintex only above 283 with a stoploss of 277 and look for targets of 290/295 in short term.
Stock View: Whirlpool
Multiple tops around 270 + triangle formation on daily charts = Likely breakout on the cards. The stock after a big move from 200 to 280 has been consolidating in the range of 250 and 270. Buy Whirlpool only above 270 with a stoploss of 265 and look for targets of 278/283 in short term.
Have a nice trading day
Regards
Ankit
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