Sesa Sterlite Ltd

Technical Desk Call : 18 Sep 2014

Positional Call - Strong Buy above 288 Target 295+++310 Stoploss 275

Remarks: SSLT on daily chart is poised to give Flag Pattern Breakout once it surpass 295 resistance on the chart. from last one week the stock is in consolidation zone between 275-285 area and has stonge support at 273 (100DMA) which is good support for the counter in near term. RSI and MACD both the indicator suggest some momentum is expected on upside once this counter surpass its resistance level of 295. Advise traders and Investors to take position as per your risk appetite. Read our disclaimer