Sesa Goa can test Rs 219.50: Kapadia
June 12th, 2009
Hemen Kapadia of Chartpundit.com is of the view that Sesa Goa can test Rs 219.50.
Kapadia told CNBC-TV18, “In terms of Sesa Goa the entire metal pack is moving in a similar way. If one sees Sesa Goa is on the verge of giving an upward bar reversal on the weekly charts. Once again it is a bullish sign. The early intermediate high of Rs 219.50 posted on May 2008 seems to be on the verge of being tested so once it comes there they are going to see a amount of selling pressure and if it sustains over there it has reached an all time high.”
He further added, “I think one can add 10% over there but we will have to see how it manages to sustain and absorb selling from this all time high.”