Chartworld1

Sterlite- Getting ready for big rally

Long
BSE:STLTECH   STERLITE TECHNOLOGIES LTD
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.