Sterlite- Getting ready for big rally
Sterlite Tech can be a good hold for 18-24 months timeframe. Technically looks like an inverted head and shoulder on weekly time frame. It can consolidate for a few more weeks in the range of 250-275 but breakout above 300 can be huge for this scrip.
Fundamentally, the big players have already made positions here ROE is 14% and Sep results were good. With the Dollar index inching up, IT scrips should perform.
Target 1- 395-400 levels
Target 2- 650 levels
Note: Not a recommendation, please do ur own analysis.
Fundamentally, the big players have already made positions here ROE is 14% and Sep results were good. With the Dollar index inching up, IT scrips should perform.
Target 1- 395-400 levels
Target 2- 650 levels
Note: Not a recommendation, please do ur own analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.