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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



CIPLA LTD Technical Analysis - Stock moving up from strong support. (Updated For 30th June 2014 , Monday).






  • CIPLA LTD moving up from strong fibonacci fan support in daily charts as shown above, stock will now find resistance around 443, once stock breaks with volumes and starts trading above 443 and must stays above then will see some bulls action for 1-2 days.
  • (Short term trend) - Weekly chart indicates stock is stuck in a range bound zone and short term trend is not clear till it breaks it range bound zone.
  • (Long term trend) - Monthly chart indicates that stock is in long term bullish mode and is moving up from strong 23.6%  fibonacci retracement and also from strong trend line support zone as shown above. On upper side will find resistance around 450, Once Cipla closes above 450 in monthly chart then stock to extend its bull rally.
  • Stock analysis you find interested in reading - Trading tips on Bank Nifty



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