STERLING TOOLS READY FOR A UPMOVE

#DATE: 08 MAY 2023

#COMPANY: STERLING TOOLS LIMITED

#SCRIP: STERTOOLS

#CMP: 423.3 Rs. per share

#TECHNO-FUNDA ANALYSIS: STERTOOLS READY FOR UPMOVE

#SCANNER USED: HIGH MOMENTUM STOCKS WITH STRONG R.S

#REASON:
1. Overall auto sector gave a consolidation breakout and at its ATH.
2. Company has declared postive quarterly results showing 70% increase in Qtrly sales YoY
3. Stock showing signs of momentum which can extend for next few weeks.
4. 10 days consolidation breakout.
5. Volume analysis showing good accumalation.
6. Adaptive(227d) & Static(123d) relative strengths above zero line in an uptrend.