In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Consider this chart for buying after it crosses above 150 on a weekly closing basis.
Capex undertaken by the company which could yield good sales in future.
Rights issue also expected in near future.
Stop Loss and all potential targets plotted on the chart
STLTECH broke wedge pattern and its in a correction and now it formed a bullish hammer pattern as well.so look for a buy,the first target itself gives 18% from CMP.once that resistance broken it might give near 50% as its next resistance is 242.
- Strong Trend Breakout: Sterlite Technologies has experienced a very strong breakout after a 5-month consolidation period. This breakout suggests a potential shift in the stock's trend towards the upside.
- High Volume Confirmation: The breakout is supported by very high trading volume, indicating strong buying interest and validating the breakout.
- Strong...
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.
Its near its 52 Week low.
Dividend giving stock.
Promoter Holding is good & No promoter Pledged.
Debt is increasing.
Demand Zone are marked as green shaded horizontal area.
Support is marked as green horizontal lines.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Bottoms are marked with yellow circles which makes...
Consolidating from 5 months. Forming triangle.
After Aug high volumes, price is falling with less volumes indicates a possible up move.
Buy for a target of 190, 200 with a stoploss of 145 or 142.
Sterlite presently at consolidation. Made double Bottom recently. With SL market can look for target 1 ,2 and 3.
Pls consult your financial advisor before taking any trade.
After long consolidation on verge of Break out !
Support of Fib.
Support of Gann Angles
Weekly abv 20 MA
Daily abv 20-50 MA
Start accumulation on CMP for long
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...
In Weekly chart STLTECH, we can see that Cup & Handle chart pattern has failed multiple time at 190.
will soon see a upward momentum once it crosses above 190.
Plan an Entry at 190 with 175 as SL.
Book profits at 230 - 235 price range.
