Sunday, May 18, 2014

Sesa Sterlite- 214
Sesa sterlite after consolidating around the 200 week EMA for nearly six months has broken above it with very heavy volumes. See the volumes at the consolidation indicating that good amount of accumulation has gone into the stock and now we can see a healthy movement from the current levels. historically seen when ever the stock has moved above 200 week EMA the stock at-least doubled to tripled from that level. so we can hope a healthy movement from the current levels. Stop loss should be the low of the consolidation which is around 170.

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