Stock 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...
Classic Necklace Pattern along with "W" i.e. double bottom formation at lower levels on M TF.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
🔹 Stock Trading above 50 & 200 EMA
🔹 Stock making Big Base with higher volume
🔹 Stock structure is Uptrend
🔹 Breakout Level 390 Support 360
🔹 RR Favorable for going long
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The 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...
The sterling tools daily chart rounding pattern formation, this is not perfect rounding patter, but this is the rounding pattern this is change in the movementum, i am bullish this share but current level no trade is the best.
Stock 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
Stertools 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...
STERLING TOOLS STERTOOLS NSE is bullish if 288 holds. Near 52 weeks High. Positive Trend. Fresh Breakout.
Disclaimer: Educational purpose only. Not Buy/Sell reco. Not SEBi Registered.
