50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
STERTOOLS trade ideas
STERLING TOOLS - 7 YEARS OF HIGH BREAKOUT7 Years of Supply Zone breakou t
BUY PRICE : 420 - 460
SL : 338 (only for swing traders)
TARGET : 660, 800 (75%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Breakout Trading Opportunity in Sterling Tools Ltd $NSE:STERTOOEntry Point: The trade is initiated as the price decisively breaks above a significant resistance level at 442.15 INR, indicating strong bullish momentum.
Stop Loss: A stop loss is strategically placed at 410.85 INR, just below the breakout level.
The target price is set at 545.00 INR,
Sterling Tools LtdSterling Tools Ltd
Established in 1979, STL manufactures and markets high tensile cold forged fasteners, primarily for the automobile industry. STL was founded by the first generation entrepreneur, Mr. Manohar Lal Aggarwal, and has thereafter been managed by his two sons, Mr. Anil Aggarwal and Mr. Atul Aggarwal.
The Co is the 2nd largest automotive fastener manufacturer in India for the last 4 decades and one of the largest MCU suppliers for electric vehicles in India
StertoolsStock name = Sterling Tools Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
sterling toolThe company has reported total income of Rs. 208.4574 crores during the period ended December 31, 2022 as compared to Rs. 179.1285 crores during the period ended September 30, 2022.
The company has posted net profit / (loss) of Rs. 13.9173 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 16.6018 crores for the period ended September 30, 2022.
Long setup sterling toolsStock at Strong support with reversal May go to 300 plus. Stop loss 183.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
Sterling tools near its supply zoneStertools has been on a downtrend since 2018.
The stock has made a double bottom and currently at the neck line which is very strong supply zone of 250rs-260rs which coincides with 38.2% fib level.
If the stock manages to give a weekly closing above 250rs and sustains the same in the following week, we might see a big upmove in this stock.
Keep this stock in radar for a good positional trade since volumes have increased in previous few weeks