Sesa Sterlite broke out of a Pennant formation on 20th January on hourly time frame and completed the text-book target.
The stock is now repeating the same pattern and a break out above the pennant (211 fut), has the potential to take it to 226-230.
The pattern might play iteself in the first hour itself tomorrow, and once the breakout happens, a 220 CE can be bought near 2-2.5 for a target of 6-8.
The stock is now repeating the same pattern and a break out above the pennant (211 fut), has the potential to take it to 226-230.
The pattern might play iteself in the first hour itself tomorrow, and once the breakout happens, a 220 CE can be bought near 2-2.5 for a target of 6-8.
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