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SESA STERLITE - Technical Analysis - Showing weakness in daily chart - Updated On 30th June 2014, Monday.






  • SESA STERLITE stuck in a strong range in a daily chart, indicates once stock comes out from its range then we can expecting some intraday sharp move. 
  • Daily chart indicates stock has broken its  fibonacci fan line support as shown above which indicates further weakness , stock will now face 23.6% fibonacci retracement support around 283, If stock breaks with volumes and closes below and must stays below 283 then we can can expect further selling in sesa sterlite for next 1-2 days.
  • (Short term trend) - Weekly chart indicates stock is look bullish as no sign of coming down from resistance, after making a bullish breakout in past , its previous resistance will now act as a major support, for short term traders if sesa sterlite falls then will find support around 270 levels.
  • (Long term trend) - Monthly chart indicates that stock is coming down from its 50%  fibonacci retracement resistance , as bulls lost their int erst in stock and price came down (as shown above). Stock must close above its 50%  fibonacci retracement for long term trend to turn bullish again.
  • Suggested stock to see - Stock Analysis on United Phosphorus (UPL)
Next Stock Will Now Update On 28th June 2014, Saturday Around 7:30 pm



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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.