Description
⋅ Those want to take positional trade can take position in the sterling tools if gives closing above 235(R1) for decent return in near term.
Reason:
1.Stock broking out the trend line of almost one year.
2."Long" signal in fisher indicator.
3."Long" signal in RMI(Relative momentum index) in monthly & weekly structure.
4.Stock trading above 10 & 20 DSMA.
Once entered, more fresh qty can be added if stock comes once come near 10SMA.
Stop loss/Trailing stop loss can be maintained at 20 DSMA.