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Sell Sterlite Industries at current price: Sharekhan

Sharekhan has come out with a sell recomendation on Sterlite Industries at the current market price of Rs 165.15 with a stoploss of Rs 174.15 for targets of Rs 156 and Rs 147.
The stock has formed a triangle in its right shoulder.

The Bollinger bands have narrowed a lot hence a sharp move downside is expected.

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