STLTECH trade ideas
Sterlite Tech -- After a deep correction in momentum nowdecent volume buying is happening and in momentum, Keep the share in your watchlist .
Sterlite TechOne of the best placed stock for digital revolution in India. Highest volume witnessed in recent years.
Above view only for learning purpose
STLTECHStock 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.
Technical AnalysisHi 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.
STERLITE TECHNOLOGIES LTD Investment Pick
STERLITE TECHNOLOGIES LTD
Time Frame: Weekly
Price currently retested the previous breakout level 🤞
RSI Oversold Zone ✌️
Volume trends look good 👌
Trade Suggestion ✍️
Buy Range 200-220
Target 317-410++
Stop Loss 139
falling wedge + box pattern - STL TECHstock revolving around box pattern
and a falling wedge is created currently
pivot of wedge is near bottom support
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 🙏🙏🙏
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.
