Sunday, August 12, 2012

Ster : A break-out Trade

Monthly Value Areas : VAH-107.42, POC-103.58, VAL-99.74

Ster has broken out of Monthly VAH at 107.42 with good volume and looks like could move up holding VAH.

Based on the above a long could be created at CMP 110.95, with SL just below 107.40 (on an hourly closing basis) for a target of 113.70, and 118.60.


  1. sanjay sir
    altho sterlite has given a breakout abv falling TL in daily charts but is making a bearish WW pattern in daily charts
    trgt below 95 in 6-7 trading sessions

    1. Yes its a Sell below 107, with Target of 99.70 and 96.40

  2. Ster making a high of 113.20, Part booking can be done here...