Sterling Tools Positional Trade
Those want to take positional trade can take position in the sterling tools if gives closing above 235(R1) for decent return in near term.
Reason:
1.Stock broking out the trend line of almost one year.
2."Long" signal in fisher indicator.
3."Long" signal in RMI(Relative momentum index) in monthly & weekly structure.
4.Stock trading above 10 & 20 DSMA.
Once entered, more fresh qty can be added if stock comes once come near 10SMA.
Stop loss/Trailing stop loss can be maintained at 20 DSMA.
Reason:
1.Stock broking out the trend line of almost one year.
2."Long" signal in fisher indicator.
3."Long" signal in RMI(Relative momentum index) in monthly & weekly structure.
4.Stock trading above 10 & 20 DSMA.
Once entered, more fresh qty can be added if stock comes once come near 10SMA.
Stop loss/Trailing stop loss can be maintained at 20 DSMA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.