
Sterlite Tech (STLTECH)
STLTECH, after 385% steep rally in the first half of this year, is hitting a rising trend line resistance. After back-to-back UC, we also saw some tug-of-war between bears and bulls today by the end of the session, signaling equilibrium point formation.
Outlook: Stock would likely consolidate here or pull back towards 285-290 levels before assuming a new direction. Very low probability of upside trend continuation with the same momentum.
Disclaimer: This is not a Buy/Sell call. I am not a SEBI-registered analyst. DYOR