STLTECH trade ideas
STLTECHSTLTECH
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 and manage such cloud-native software-defined network. It has strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India , Italy , China and Brazil and two software-development centres. To give a boost to Indian government make in India initiative, STL recently invested in 5G assembling an ecosystem of partners.
It has the first optical fibre cable plant in India to receive zero waste to landfill certification.
(source : wikipedia)
Fundamental Check :
- Company is the industry leader with largest market cap
- Company has a good growth in terms of EPS over the past 5 years
- Good dividend payout ratio
Technical Check :
On a Daily time frame stock has been consolidating and testing the levels of 200 again and again. This time it has rejected it and gotten out of the zone. Can enter 20% for an upside of 223 and major target of 240/270+
Swing Trade :
Buy STLTECH @210-212
TGT 223/240/270++
TSL 5 pts or as per risk appetite
Do your own analysis before entering. This idea is just for educational purposes and not a tip.
Sterlite Tech - Looks promising for a medium termSterlite 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.
Sterlite techCup n handle pattern done and breakout retested too
Buy near green line
Target black line
SL red line
Sterlite tech Cup and handle breakout already done on weekly timeframe
Breakout retest also done
Buy near green line
Target black line
SL red line
"Sterlite Technologies" - looking good for upsideCurrently at 208, looks goods for upside movement with SL of 171
Sterlite Technologies is another TCSSterlite Technologies will be the best investment for 2021
Note: This is for educational purpose, please invest your money based on your research.
Sterlite Technologies - Intraday Trade SetupSterlite 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.
Long on Sterlite TechIt 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
For Positional on 17th November 2020Breakout possible at its current position.
Note: This is solely for educational purpose.
