Sterlite Technologies – Technical View, support and demand

The stock

is trading around ₹723.75 on the daily chart. The stock is showing a strong bullish trend, with a clear sequence of higher highs and higher lows. The stock has moved strongly upward from the lower levels and is currently trading near its recent high. The recent price action shows continued buying strength with price sustaining above the previous consolidation zone. Immediate resistance is around ₹723–₹730 as the stock is trading near its recent high. On the downside ₹640–₹650 is an important support zone, followed by ₹520–₹560 where the stock previously consolidated. Short-term buyers should watch price behaviour around ₹723–₹730 for further strength. Holders can continue monitoring the higher-high and higher-low structure. A sustained move above the recent high would keep the bullish structure intact, while a breakdown below the recent support zones would indicate weakness.