Showing posts with label SESAGOA. Show all posts
Showing posts with label SESAGOA. Show all posts

Tuesday, April 16, 2013

SESAGOA


Sesa Goa Limited:
Here we can observe bearish Elliott wave with 5 waves completed successfully, now there is A-B-C pattern awaited in medium term. Therefore good opportunity is to go long two lots of April derivative of the stock at 145 and wait for squaring the positions at around 155 (Wave A). (i.e: 10x2(2000)= Rs. 40,000). [Sl: 140]