• Chart-Watch: SSLT - Short to Medium Term Outlook

    By Renu Goel on 03 Mar, 2014

    Our Elliott wave count and projections for Sesa Sterlite, from our watch-list

    SSLT was a prominent loser on the Nifty for the month of Feb 2014 shedding 5% during the time the index gained by 3%. Seems to be in the closing stages of a flat correction. There is still some downside left in the current C leg but the view from here should be to look for buying opportunities if one sees a pullback from levels that indicate where C could end. A break above 190-192 will almost confirm that the correction is over and the next wave upwards is in the making.