Accumulating Sterlite!!!A historical support for the stock!
Recently, the stock has seen inflow from FII's!
The down run seems over now!
Long in it!
STLTECH trade ideas
Sterlite Technologies LimitedSterlite Technologies LimitedIf, If price rejected at the support, also Sterlite Technologies reports consolidated net loss of Rs 48.00 crore in the June 2024 quarter so trade with proper risk management when possessive news in the marcket.
Sterlite TechnologyCurrent month's candle has not closed yet. Volume is already good with rising RSI, monthly candle closing above the support line should push the stock upwards. Keep an eye on monthly close.
Disclaimer:Intended for educational purpose only and it's not a buy or sell recommendation.
symetrical triangle breakout candidateSterlite all set for a next move once it close above 150 levels.
Keep in watchlist and trade as per levels
Sterlite Technologies: Anticipating downtrend to continueStock is in a downtrend. Anticipating price to come within the purple box before making the next long term swing up. Load up the truck when price reaches the purple box! Risk reward will be favorable. Idea will be invalidated if price breaks on the upside of the triangle.
STLTECH - Double Bottom and Triangle Pattern on Monthly ChartDouble Bottom and Triangle Pattern on Monthly Chart
#VolumeHunter
Price always follow a channelIn bigger time frame price always follow a channel and our work is to enter near channel lower boundary and exit near channel upper boundary
Seems to be coming back to track. Stock has been trading near the covid low and shown some good volume accumulation over the period.
Look for breakout above Dark red Trend Line.
STLTECH Sell Cmp TGT will be 6%this stock take crt resistance so sell cmp TGT will be 6 reach at with in 5-7 Days
Sterlite TechnologiesSterlite Technologies Ltd. engages in the business of connectivity and network solutions. The firm provides integrated 5G ready end-to-end solutions ranging from wired to wireless, design to deployment, connectivity to compute through core capabilities in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration. The firm partners with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined networks. The company was founded in 1988 and is headquartered in Pune, India.
Sterlite Aiming for a Turnaround. Sterlite Technologies Ltd., is an Indian Multinational Firm that is engaged in operations of producing optical fibers cables, network software and network services. Its CMP is 186.65.
Negatives of Sterlite are such that their quarterly net profits are declining, Promoters and MFs are decreasing their respective holdings.
Positives for the company are that FIIs are increasing stake, net cash flow is improving and the company has Zero promoter pledge.
Entry in Sterlite Techno can be taken after closing above 191. Targets will be 206 and 221. Long term target in the stock will be 235+. Stop Loss in Sterlite can be maintained at a closing below 154 on a weekly closing.
Sterlite Techno Positional long viewNSE:STLTECH is getting support and sustained above major level of 163.50.
My analysis, allow me to take entry at 163.50 with stop loss of 158 (5.5 Points). Can hold till targets of 172.50 & 187.50. A good risk and reward option.
Note: This is my personal analysis, only for learning.
Thanks.
Sterlite technologies: breakout soon!Sterlite Technologies is turning positive on the daily chart. Keep it on your radar!
long STLTECH Go long in sterlite tech if it closes above trendline And horizontal line ie above 300 in weekly time frame pure price action trade
target will be 362
sl will be 275
Sterlite Tech India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Long on STERLITE TECHNOLOGYBreakout alert. Can make position above high around 308,309 with a good risk to reward. Hoping for the best. All the best traders.
Breakout from Triangle patternSterlite has broken out of triangle pattern with good volumes. Let us see if it pulls back and moves up again or keeps moving up...targets marked
It has a good order book for 2021-22, so let us be optimistic.
sterlite techSterlite tech charts...............................................................................................................................................................................................................
