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SESA STERLITE GOA Technical Analysis - Stock facing strong 23.6% fibonacci retracement support at current levels. (Updated For 28th July 2014, Monday).








  • SESA STERLITE stuck in a strong range (318-281) in a hourly chart, indicates once stock comes out from its range with volumes, then we can expecting some intraday sharp move.
  • Daily chart indicates stock is now facing 23.6% fibonacci retracement support around 281, as long as stock holds above stock will favor bulls. If Closes below then can we see further selling.
  • (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 interst 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.


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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

.