Expecting Breakout ✌✌This scrip tries to break the resistance nearly 4 times and it is expected to break this time. So kindly keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
STLTECH trade ideas
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.
cup and handle pattern in STLTECHCup and and handle pattern is almost getting completed. It could give a nice breakout to upper side. Watch out for Trend line break in the RSI.
STLTECH LongEntry: Above 300
Target: 25%
Consolidating near 52WH
Kind of Cup & Handle Pattern
Decent Accumulation
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
Swing Trade - Long Opportunity Sterlite TechnologiesDetails mentioned on charts
Cup and Handle on weekly charts
On the verge of breakout ✌✌✌This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
Sterlite- Getting ready for big rallySterlite Tech can be a good hold for 18-24 months timeframe. Technically looks like an inverted head and shoulder on weekly time frame. It can consolidate for a few more weeks in the range of 250-275 but breakout above 300 can be huge for this scrip.
Fundamentally, the big players have already made positions here ROE is 14% and Sep results were good. With the Dollar index inching up, IT scrips should perform.
Target 1- 395-400 levels
Target 2- 650 levels
Note: Not a recommendation, please do ur own analysis.
STLTECH | Trendline breakout - Potential for 20%STLTECH | Trendline breakout - Potential for 20%
CMP : 300 (Dip : 290)
SL : 275
Target : 360
1:4 risk reward setup
Target calculated based on Fib tool
Sterlite Tech, looking to breakoutSterlite 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
Long Sterlite chart is showing some strength near current levels waiting to buy signal keep in watchlist
STLTECH BREAKOUTMaking triangle shape...buying volume is powerfull..it can reach ill 316...If it break ,Can go till 350
BREAKOUT IN STLTECH -- SWING TRADERefer the chart for entry, sl and target. Breakout with a big green candle and high volume. Trade with proper risk management. Thanks. Cheers.
STLTECHSTLTECH copybook chart as per ICHIMOKU theory.
1. cloud green
2. tenkan above kijun
3. chikou in free space
4. price taking support on both ks and ts
5. rsi strong
price taking support above old supply level.
STERLITE TECHNOLOGIES - Positional Long1. Rounded bottom formation on weekly charts (W)
2. Consolidation at resistance (W)
3. Volume activity seen in Daily charts
Cup and Handle pattern breakout || Sterlite TechnologiesThe stock has posted really good quarter results and the breakout is with huge volumes. Can be bought for a target of 323(7%). CMP is 300 and SL will be 283 on a closing basis. Do FOLLOW for more ideas.
Sterlite Breakout coming..Sterlite Breakout coming... I enter at small breakout before big breakout to save myself from volatility n save my SL.
parallel channel inside symmetrical triangleafter a long rally now consolidation in symmetrical triangle pattern on bigger time frame and parallel channel in shorter time frame
with both the base created at 265.
entry - 275-271
stoploss - 265
target - 310,328,350
STERLITE TECH 15 MINBUTES STERLITE TECJ 15 MINUTES good breakout but entry is not good intraday trade please wait and retracement entry is good wait and watch guys
