Taking support at 128 on monthly chart. Breaking trendline at 144 on Daily and Weekly chart. Allow weekly candle to complete. Wait for retest and buy at breakout.
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...
STLTECH:- 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,...
buy 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...
NSE: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...
