- Weekly Breakout candidate - outperformance - Swing/ Postional / Investment Idea
Showing Strength, all indicators turning positive.
Sterlite turns bullish on various Timeframes. Impulses triggered. Breaking out of the weekly too!
sterlite technologies has made a inverse headd and shoulder, the trgt could be 65% upside of 299/-
Support and resistance is marked on the chart. Good candidate for a short term target of 197.
Volume 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
Stock is just retesting the weekly breakout levels. I would go long with one strong green candle on this level.
All 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.
Recently 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 // 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:...
Sterlite 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...
Disclaimer: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.
INVERSE HEAD AND SHOULDER PATTERN AND A BREAKOUT SEEN IN STERLITE TECHNOLOGY CAN GO UPTO 230,260 PLEASE SHRE YOUR VIEWS ON THIS.