DIWALI PICK STERLITE TECHNOLOGIES
Sterlite Technologies has bagged an order from UAE-based telecom service provider, du, to enable the latter's Internet of Things and Fibre-to-the- home network infrastructure through its technologies.
During the final trading hours on 10th October 2017 Sterlite Technologies was seen to be priced around Rs.243 while being 20.8 points above the day's lowest. With this, the day's high was Rs.248.
The day ended with 5,465,780 stocks that were traded and along with that 30 day average volume rose by 8269 stocks.
Now what to expect??
Hurdle at 248, above 248 rally remain continue till 275++ mark in days to come. Three consecutive close+ weekly close above 275 will see further upside rally in it.
Support and Stop loss below 220
Breakout from Symmetrical Triangle chart pattern suggest that we expect further rally in coming sessions.
Trading Recommendation (11th Oct 2017)
Buy Sterlite Technologies above 248. Stop loss below 220.00(on closing basis) Target 275+++
More will update soon !!
