ShelendrAgrawal

SAIL Analysis !!

Long
NSE:SAIL   STEEL AUTHOR INDIA
πŸ“ˆ SAIL πŸ“‰

Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis.

On Buy Side I am looking for Targets of 114, 129 followed 143.

StopLoss should be kept at 93.
It offers 1:4 Risk To Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached

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