STLTECH trade ideas
Range of STLTECHSTLTECH is in rangebound. One may look to create positions for long term, if such range is to continue.
SLTECH BULLISH CHANNELI'm expecting the price can hit the demand zone (211-209) and we can expect a rally after that wait for the trend to reverse or else wait for breakout or breakdown but ( personally, I'm expecting a bull run with the target 270++)
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Stltech in channel STLTECH resistance on upper channel , short-term downside , long term stock is multibagger
STERLITE TECHNOLOGIES STERLITE TECHNOLOGIES CLOSE ABOVE 200 MA IN WEEKLY BASIS WITH GOOD VOLUME. STOCK CAN GO UPTO 280 / 380++, SL 201.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
STERLITE TECH - NEXT WEEK AND POSITIONAL FOR 2-3 MONTHbuy at CMP and add till 222..
Closed at 233.30 after 2019..
good breakout..
STERLITE (aka) STLTECH| Breakout and sustaining - Looks good 80%STERLITE (aka) STLTECH | Breakout and sustained above the supply zone - Looks good to see 80%
CMP : 223 (Dip 210)
SL : 185
Target : 390
1:6+ risk reward setup
STERLITE TECHNOLOGIESNSE:STLTECH Levels are Mentioned in the chart... Good for Swing..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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only for learning purposewaiting for reversal candle at previous breakout area !! only for learning purpose
#5GInfra_STLTECHOn any time frame, both Theme & Stock qualified for Investment and Hold, Looking for picture-perfect open wings ready to fly crane... Inverse Head & Shoulder / Rounding Bottom.... Holding for the medium term target of a minimum of 50% from CMP & Could multiply wealth minimum 5x by next 5Year.
Disc: May have a family or personal holding in ideas shared, be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy or investment discussed herein. Investments involve risk.
not looking bad for a target of 275+. keep on radar!NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
Weekly Close above 216 opens up big targets in Sterlite Weekly Close above 216 opens up big targets in Sterlite
- 280-300-330-480 all on cards
Long on STERLITE TECHNOLOGIESSTERLITE is following a cup pattern. This is for long-term investment.
This is only an educational purpose and not an investment suggestion. Do your own research before investing in the market.
Complex Inverted Head & Shoulder Breakout** Inverted Head and Shoulders-
The inverse head and shoulders occurs when a downtrend reverses into an uptrend, and is basically the head and shoulders pattern we have just analyzed turned H & S pattern . As such, it’s really just a gradual change in the direction of the trend, marked by a penetrated trend-line and weakening of the current trend.
** The Complex Inverted Head and Shoulders _
Of course, everything is not straightforward, particularly in the trading world, and you won’t always get a perfect copybook head and shoulders pattern. One variation that you can find is called the ‘Complex Head and Shoulders Pattern’, and this is a more complicated version which includes extra parts. The extra parts include a double head or double shoulder – basically the trend is taking longer to turn from one direction to the other. This pattern has the same forecasting ability as the normal pattern, and you can run through the same principles to see why. This is not a very common occurrence.
Because the head and shoulders is so widely known, you may find that other traders beat you to the punch in trading the reversal, and you lose some of the move. For this reason, you may find traders that don’t wait for the confirmation of the pattern before they enter the trade. For instance, some will anticipate the completion while the right shoulder is still in formation, and start entering some trades.
In this stock scenario Complex Inverted Head & Shoulder breakout already happened with high volume . so that the basis of this pattern i am bullish on Sterlite Tech limited.
Kindly Let us Know if you have any question .
Thank you
