Sesa Goa daily chart (click on chart to zoom)
Sesa Goa on daily chart has formed Head and Shoulder pattern as shown in graph, On friday it gave revesrsal from 2nd shoulder and closed above its important psychological level of 200. Stock is still trading below its key DMA of 20 which may act as a resistance also it may face resistance because of the gap it formed as shown in th chart. High Risk trader can buy stock with stop loss at 192 and for the target of 215.
CMP on friday is 201.2
Sesa Goa on daily chart has formed Head and Shoulder pattern as shown in graph, On friday it gave revesrsal from 2nd shoulder and closed above its important psychological level of 200. Stock is still trading below its key DMA of 20 which may act as a resistance also it may face resistance because of the gap it formed as shown in th chart. High Risk trader can buy stock with stop loss at 192 and for the target of 215.
CMP on friday is 201.2