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.
STLTECH trade ideas
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
Sterlite Technologies: Waiting to Explode!Sterlite turns bullish on various Timeframes.
Impulses triggered.
Breaking out of the weekly too!
STERLITE TECHNOLOGIES. getting ready for a move of 65%sterlite technologies has made a inverse headd and shoulder, the trgt could be 65% upside of 299/-
Resistance acting as a support now, good long candidate.Support and resistance is marked on the chart. Good candidate for a short term target of 197.
BuyVolume has declined on down move. Hourly chart has made pin bar candle. Volume on 15 min charts around present level has increased with lot of lower wicks. 65 DEMA may act as support. Previous swing low is in vicinity. Close abv 182 may start uptrend for 200+ levels with sl below 171.
Disc : it's not an investment advice to buy or sell
STLTECH - WEEKLYStock is just retesting the weekly breakout levels. I would go long with one strong green candle on this level.
STLTECH Long Above 200All analysis on chart. Seems bullish Above Rs.200 on WCB. Now seen in consolidation phase. Tgt looks good for 250-270.
Disclaimer - Only for Educational Purpose.
STLTECH Sterlite Technologies Ltd in very good moveRecently came out from the resting zone and showing a very good move, I hope it will complete both the targets soon
Please share your view
Thank You
DAILY SWING CALL // Fri 15th of Jan 2021 / STERLITE TECHDAILY SWING CALL // Friday 15th of January 2021 / NSE:STLTECH
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 193
TARGET: 222 (15% Around)
STOP LOSS: 173 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
Sterlite Technologies - Inverted Head and Shoulders patternSterlite Technologies Weekly chart shows Inverted Head and Shoulders pattern. There is breakout seen. Can buy at cmp with a stop loss of 171. Or can wait for some correction and buy in dips. Can go long with trailing stop loss for the technical target of 286.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
looking good for 275 in short term! keep on radarDisclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
LONG STERLITE TECHNOLOGYINVERSE HEAD AND SHOULDER PATTERN AND A BREAKOUT SEEN IN STERLITE TECHNOLOGY
CAN GO UPTO 230,260
PLEASE SHRE YOUR VIEWS ON THIS.
