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SAIL - Parallel Channel - Long
STEEL AUTHORITY OF INDIA
Long
SAIL - Parallel Channel - Long
By Caapinves
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Jan 27, 2021
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Jan 27, 2021
SAIL has Trading in Parallel Channel Pattern.
The Script has touched 52week high of 80.30 and made some correction.
Now Script was traded at in the consolidation phase of 56-59.
SAIL has strong resistance in daily time frame at 59.35.
Hence, if the script goes above 59.50.
We can go for Long...
Target is 80.
For Investments:
Kindly buy the script and make a average in Triangle Method.
In 1 to 2 Years - Target will be 120....
Disclaimer: Kindly do your own analysis before executing this trade.
Fibonacci
Parallel Channel
Support and Resistance
Caapinves
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