Sterlite Tech Surges 10.2% makes New Life Time High

Sterlite Technologies Ltd. (STL) delivered a standout performance during the week, closing at ₹955.40 with a notable 10.2% gain. This upward movement represents a sharp departure from the prevailing weakness in the broader market indices, spotlighting renewed accumulation in the digital infrastructure and optical networking space. The stock is trading above all its short, medium and long term Daily exponential moving averages. The RSI 14 in the monthly charts is at 90.95 and the stock is in the overbought territory that is RSI above 70 levels for the last 7 months. The Monthly MACD Histogram is above zero flashing ascending green bars. MACD line and MACD Signal are also above zero indicating the momentum in the bullish trend.