Kapadia told CNBC-TV18, "In terms of Sesa Goa the entire metal pack is moving in a similar way. If one sees Sesa Goa is on the verge of giving an upward bar reversal on the weekly charts. Once again it is a bullish sign. The early intermediate high of Rs 219.50 posted on May 2008 seems to be on the verge of being tested so once it comes there they are going to see a amount of selling pressure and if it sustains over there it has reached an all time high."
He further added, "I think one can add 10% over there but we will have to see how it manages to sustain and absorb selling from this all time high."
Disclosure: I do not have any personal holdings but has recommended to his clients who might have holdings.
