Connecting the World, ResponsiblySterlite Technologies Limited - STLTECH - CMP 106
About
Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest Optical Fiber and Optical Fiber Cables manufacturer in the country. The company also has sizeable presence in the overseas markets with an established presence in the global optical fiber market.
STERLITE TECH:
STERLITE TECH launches AI-optimized data centre solutions and partners with Tech Data for India expansion.
Products target hyperscalers, enterprises, telecoms; meet global standards with 25-year warranty.
STERLITE TECHNOLOGIES: CO AND C-DOT ACHIEVE INDIA’S FIRST QUANTUM-SECURED NETWORK BREAKTHROUGH WITH MULTI-CORE FIBRE
Sterlite Technologies: Promoter Ankit Agarwal bought 2.58 lakh shares. Promoter Pravin Agarwal bought 7.35 lakh shares. (Positive)
This is just to boost my confidence. No Suggestions for buying. I will keep checking and updating my mistake if last post gone wrong...
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial Adviser before making any decisions.
STLTECH
Keep a watch on Sterlite Tech!Sterlite tech is looking strong as a positional trade.
Recently, we have seen a good run in Birla cable as well which is a competitor of this company in manufacture of optical fibre cables.
Stock can be added at CMP or on dips till 155. SL is below 140 WCB.
Minimum target is 200. Above that stock can go till 235, 280 which are the fib levels as well as strong supply zones.
Today, stock has shown good buying with volumes bouncing from a strong demand zone of 145-150 with a short term trendline breakout as well. Keep this stock in your radar.
Idea shared only for educational purposes!
STLTECHSTLTECH:- Stock may showing ascending triangle pattern, if gives breakout and sustain then plan can be made
You can plan the trade as per your risk appetite now
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Intraday Trade: watch for resistance breakoutbuy above 320 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
STLTECH near breakoutNSE:STLTECH
Everything is clearly illustrated in the chart
STLTECH is about to give a huge breakout:
We can see multiple patterns forming in the longer time frame (Weekly chart) that include:
Inverted H&S Pattern
Cup and Handle Pattern
Rounding bottom pattern
The volume is also contracting, it seems to be on a verge to give a volume burst
The stock is expected to go higher once it crosses the resistance in the zone of 310-320
So, enter once it crosses the level mentioned
SL = 265
T1 = 400
T2 = 500
T3 = 600+
To motivate me, Please like the idea If you agree with the analysis.
Happy Investing 👍
Warning: This is just an educational idea, consider your financial advisor and make a wise decision accordingly, you are solely responsible for your P/L