As a routine this week we were running our weekly technical analysis can and a very interesting stock popped up Sesa Goa Ltd.
Sesa Goa Limited a (Vedanta group company), is India's largest producer and exporter of iron ore in the private sector, with mining and processing facilities located in Goa, and Karnataka, India. Sesa is engaged in the business of exploration,mining and processing of iron ore. Apart from Iron ore it also produces pig iron and metallurgical coke.
Sesa is among the low-cost producers of iron ore in the World and is well placed to serve the growing demand of Asian countries. Sesa's iron ore markets/customers are primarily in China, India, Japan, Korea,Europe and other Asian countries.
SesaGoa is listed in stock exchange as "A" Group
If you look at the chart there were 4 attempts made to break this trend line one during 5 month.
So below is our analysis for the same.
Stop loss:-165
Book profits at:-180,185 and 195.
See syllabus for Technical analysis training in Mumbai,India.
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