STLTECH trade ideas
STERLITE TECHNOLOGIES LTD IN UPTRENDSterlite Technologies Ltd on chart it is showing a very good uptrend so same can be bought at cmp 231 or any fall up to 215 for the targets 248 / 258 / 268 +++ with a strict sl of 191
and the company is also leader among its peer companies
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Sterlite Technologies Rounding BottomSterlite Technologies: A key player in Fibre optic cables, 5G Wired and wieless network solutions. It has manufacturing facilities in India, Italy, China and Brazil, and one data Centre design facility in the UK.
Technically, it has formed a rounding bottom, which is bullish pattern on weekly chart. Sustainable move above 240 is a good buying opportunity with Stoploss at 190 on daily closing basis. Targets 270, 300 350++ View is for long term.
(Disclaimer: Spend more time on learning chart, don’t follow blindly. I am not SEBI registered)
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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STERLITE TECHNOLOGIESNSE:STLTECH Levels are Mentioned in the chart... Good for Swing..
Note:
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#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.