Beta high for Sesa Goa: Shrikant Chouhan

ET Now spoke to Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities for a technical check on Sesa Goa.

How does Sesa Goa look on the charts?

For Sesa Goa the stock is in the range of Rs 335 on the lower side, Rs 370-Rs 375 on the higher side. It has not broken the highest level of Rs 375 and that is why I think again the stock is moving back to the support level of Rs 335.

If it breaks this level I think we can expect Rs 290-Rs 285 on the lower side because at this time the beta is very high for this particular stock, if it breaks the lower band of the trading range.