Sterlite - Double bottom formation - Best Above 145
Sterlite Tech - have bounced the base and formed a double bottom formation.
FII's /DII's have raised their stakes while Promoters have reduced.
There is a Double bottom neckline breakout at 140. One can take safe bet above 145 and average upwards. Targets 175/240/316 and above that Open Sky.
Strict stop loss of 125.
Disclaimer : Educational Content. Please do your own research.
My earlier views on this chart. I see mostly promoters selling their stakes to FII/DII's as the only change.
FII's /DII's have raised their stakes while Promoters have reduced.
There is a Double bottom neckline breakout at 140. One can take safe bet above 145 and average upwards. Targets 175/240/316 and above that Open Sky.
Strict stop loss of 125.
Disclaimer : Educational Content. Please do your own research.
My earlier views on this chart. I see mostly promoters selling their stakes to FII/DII's as the only change.
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