'Sterlite Industries can touch target of Rs 650'
Technical analyst, Praveen Kumar of ULJK Securities is of the opinion that STerlite Industries can hit a target of Rs 650 per share.
By ET Bureau |
MUMBAI: Technical analyst, Praveen Kumar of ULJK Securities is of the opinion that STerlite Industries can hit a target of Rs 650 per share.
���The stock opened with a gap up at Rs 420 and made a high of Rs 481 with good volumes on the account of rising commodity demand in China. Technically speaking the stock has a near term resistance at Rs 518 levels. This stock can correct a bit since it rallied 22 per cent in two days. The target for the stock would be some where around Rs 650. It is advisable to buy this stock on dips,��� he added.
���The stock opened with a gap up at Rs 420 and made a high of Rs 481 with good volumes on the account of rising commodity demand in China. Technically speaking the stock has a near term resistance at Rs 518 levels. This stock can correct a bit since it rallied 22 per cent in two days. The target for the stock would be some where around Rs 650. It is advisable to buy this stock on dips,��� he added.
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