Stock has faced strong rejection from 175 levels. And now breaking strong resistance of 225 which was earlier worked as support. Buy above 227, SL 215, TGT 240, 260+. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Hi Viewers, hope you are doing well.
I just found some patterns in Sterlite Tech, sharing my opinion.
If any 1Hour candle sustains below 203.75, then you can sell.
Or else, I didn't see any negative pattern yet.
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
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...
Sterlite tech after 3-4 months of consolidation is looking to breakout. Stock is poised to grow its EPS by 3-4 times in next 3 years and will be a massive winner in the digitalisation of India. Sterlite's main customer is Jio which is booming as well