Sterlite Technologies- In for a strong momentum rally
A triangle pattern breakout (a bit imperfect symmetrical triangle), post the breakout the stock has been consolidating as facing resistance near the Kumo Cloud. A positive close above 360 can set the stock rocking. View is positive (415- near previous top), a crossover post it will get further momentum and further price rise Stoploss below 329. However if it goes below and reverses around 312 levels (at the previous resistance line. The trade will be resumed again.
#NOT A SEBI REGISTERED INVESTMENT ADVISOR
Consult your advisor before making trades
#NOT A SEBI REGISTERED INVESTMENT ADVISOR
Consult your advisor before making trades
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