Sterlite Technologies is looking good for short term. The stock has not fallen after March 13. It is also showing momentum for last 4 trading sessions.
Risk reward is not attractive. Still this trade can be entered in the range of 73 - 80.
POSITIONAL LONG IN BANKBARODA
-EARLY I HAVE MENTIONED IN MY OTHER POST THAT PSU ARE IN DEMAND
-STOCK IS BREAKING OUT OF ROUNDING BOTTOM AND INVERTED HEAD AND SHOULDER PATTERN
-FIRST IT WILL FIND RESISTANCE AT 200-DMA
-IF BREAKS WE ADD MORE
-IF FAILS WE BUY ON PULLACK TO 102-14 LEVELS FOR BIGGER TARGET