SAIL 1D
Swing Trading Setup for SAIL
1. Support and Resistance Zones:
Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image).
Resistance Levels:
₹144 (nearest resistance where the price is reacting now).
₹155 (next major resistance level).
₹176 (long-term resistance).
2. Current Price Action:
The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area.
3. Setup Logic:
Entry:
Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance.
If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering.
Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation.
Stop Loss:
For a pullback entry, place the stop loss below ₹136 to give the trade some room.
For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142)
Take Profit:
The first target can be set at the ₹155 resistance.
The second target could be ₹174-₹176 for a longer-term swing.
Risk-to-Reward:
Ensure at least a 1:2 or 1:3 risk-to-reward ratio.
If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R
of 1:18).
4. Additional Confirmation:
Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions.
Volume spike during the breakout or at the support level will add confirmation to the setup.
Summary:
Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout.
Stop Loss: ₹136 (for pullback), ₹142 (for breakout).
Targets: ₹155 and ₹174-₹176.
Risk Management: Use at least a 1:2 risk-to-reward ratio.
1. Support and Resistance Zones:
Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image).
Resistance Levels:
₹144 (nearest resistance where the price is reacting now).
₹155 (next major resistance level).
₹176 (long-term resistance).
2. Current Price Action:
The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area.
3. Setup Logic:
Entry:
Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance.
If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering.
Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation.
Stop Loss:
For a pullback entry, place the stop loss below ₹136 to give the trade some room.
For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142)
Take Profit:
The first target can be set at the ₹155 resistance.
The second target could be ₹174-₹176 for a longer-term swing.
Risk-to-Reward:
Ensure at least a 1:2 or 1:3 risk-to-reward ratio.
If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R
of 1:18).
4. Additional Confirmation:
Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions.
Volume spike during the breakout or at the support level will add confirmation to the setup.
Summary:
Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout.
Stop Loss: ₹136 (for pullback), ₹142 (for breakout).
Targets: ₹155 and ₹174-₹176.
Risk Management: Use at least a 1:2 risk-to-reward ratio.
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