Sterlite 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 tech charts...............................................................................................................................................................................................................
STLTECH About the Company : The company is specialized in optical fibre and cables, hyper-scale network design, and deployment and network software and offer bespoke integrated solutions for global data networks of CSPs, Telcos and OTTs. STL has also partnered with global telecom companies, cloud companies, citizen networks and large enterprises to design, build...
Sterlite Tech - Need to take out 220 on monthly closing basis. T1 - 280 T2 - 350. SL is 186. Monthly basis. Keep a tab on the monthly RSI to be above 60 DISC: Not a SEBI Registered. I post charts for my own study.
Cup n handle pattern done and breakout retested too Buy near green line Target black line SL red line
Cup and handle breakout already done on weekly timeframe Breakout retest also done Buy near green line Target black line SL red line
Currently at 208, looks goods for upside movement with SL of 171
Sterlite Technologies will be the best investment for 2021 Note: This is for educational purpose, please invest your money based on your research.
Sterlite Technologies CMP - 188.50 Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets Buy Range 118 - 119 / Stop Loss 185 Target 1 - 190 Target 2 - 192 Target 3 – 195 Disclaimer: This is my view and for educational purpose only.
It has given a symmetrical triangle breakout. Managed to cross the breakout line with decent volume. we can see good upside on this counter. CMP 159
Breakout possible at its current position. Note: This is solely for educational purpose.