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STERTOOLS trade ideas

breakout failure of STERTOOLS-EQ STERTOOLS-EQ is fundamentally sound company but the price is giving an indication of bear phase for the company. the price has successfully given a breakdown with H&S pattern. the pattern is clearly visible on daily time frame. i couldnt show it here because i have choosen weekly time frame. price has successfully given a breakout at ~245 - 275 levels in 2022 and has not yet retested the breakout. in this bear phase STERTOOLS-EQ will most likely test those levels. in the down fall towards ~250 levels there will be fib 0.61 level where the price will bounce and will appear to sustain but most likely it will be used as a sell on rise opportunity. as always trade as per your risk capacity.
NSE:STERTOOLSShort
by ganeshanalysis
STERLING TOOLS LTD. LOOKS POISED FOR STRONG UPMOVESTERLING TOOLS LTD. Made a 16-Month Stage-1 base breakout today on strong volume. The trigger appears to be the deal with S Korea’s Yongin Electronics for EV components facility in India. It made its footprint clear last week itself, though B/O did not happen. On this weekly chart RSI moved strongly above 60 for the first time after it went < 40 during mid-March 2024, and the RS Line crossed above its 52-week MA for the first time after Oct’ 2023. The stock looks poised for a strong up-move. No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions on the stock.
NSE:STERTOOLS
by RajuDatla
2
Potential upmove | Bottom fishing - STERTOOLSCheckout an amazing breakout happened in the stock in Weekly timeframe. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis. The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward. Checkout an amazing breakout happened in the stock in Weekly timeframe. Wait for weekly close above the breakout level. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:STERTOOLSLong
by Yoyohoneysingh93
Failing Wedge BreakoutBook profits within the first 30 minutes of the market opening - Try to exit by taking 10-12% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 367 Target Price 401 Note:- I am not SEBI Registered This Trade is only educational Purpose
NSE:STERTOOLSLong
by kishan_Vyas
Bullish symmetrical continuation triangle pattern formationBullish symmetrical continuation triangle pattern has been formed in daily chart of Sterling Tools . This pattern is characterized by converging trendlines, lower highs, and higher lows. It typically occurs during a consolidation period when the market is uncertain about its direction. Here's a breakdown of the pattern: Converging Trendlines: The pattern consists of two trendlines that converge, forming a triangle shape. The upper trendline connects the lower highs, while the lower trendline connects the higher lows. As time progresses, the price range between the trendlines narrows. Decreasing Volume: During the formation of the pattern, trading volume tends to diminish. This decrease in volume reflects the market's uncertainty and lack of conviction regarding the future price direction. Breakout and Confirmation: Before the triangle reaches its apex (the point where the trendlines converge), there is a breakout above the upper trendline. This breakout is accompanied by a noticeable increase in trading volume, which serves as confirmation of the pattern. The breakout and increased volume suggest a continuation of the prior uptrend. Based on the daily chart analysis, it appears that the price has broken upward out of the consolidation period, indicating a continuation of the prior uptrend. Traders and analysts who recognize this pattern may interpret it as a bullish signal, suggesting that the price is likely to move higher. However, it's important to note that patterns alone cannot guarantee future price movements, and other factors should be considered in conjunction with the pattern analysis. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:STERTOOLS
by hardeepssethi
Sterling Tools about to break Cup and Handle formationwatching out for consolidation formation near 390-80 zones for entry with max 6-7% stop. Due to gaps formed last week at the moment don't have stop loss of 6-7% range current stop is deep towards 330. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:STERTOOLSLong
by Niftydirection