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Thursday, July 7, 2011

TRADING RECOMMENDATIONS Sesa GoaLtd

Sesa GoaLtd. CMP - Rs 291.20

Technical Outlook & Trading Strategy:-

The share price movement of Sesa Goa has registered a breakout from an Inverted Head & shoulder formation. This is a bullish formation and measuring implications suggest that the stock price could advance to the levels of Rs 302 / Rs 308 in the near future.

We recommend buying the stock at current price with the stop placed below Rs 282.80 for the above mentioned target.

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