Tuesday, December 3, 2013


Sesa Sterlite Limited:
First of all observe the strength of the support and resistance the stock is facing at 172 level. And look at the recent bounce back from the support level. Before going for another try to break the support, the price should touch the resistance line at 192 as a 50% retracement of the downtrend. Also the strength indicator is giving a hint of strong bull. Therefore we get this confirmation of the immediate short term target for 192.

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