SAIL - Bull flag + Falling wedge + Volume expansion Long

STEEL AUTHOR INDIANSE

Description

⋅ Jun 12, 2021 3:14 PM

Key Highlights:

1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Falling wedge pattern
5. Flag & Pole formation
6. Support zone: 117-120
7. Target: 151, 169, 178, 192. Stop loss: 119

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

Lipee93

⋅ Jun 13, 2021 11:37 AM

Any view on sbi plz

johntradingwick

⋅ Jun 13, 2021 12:55 PM

@Lipee93, It has already rallied a good amount, so may take a rest now. Try not to open any new positions. It may pull back to the 380-390 zone.

But nothing is certain, everything is just a probability. Markets are never rational.

Movieshow

⋅ Jun 12, 2021 3:48 PM

any views on Maharashtra bank bro?

johntradingwick

⋅ Jun 12, 2021 4:23 PM

@harimagesh1205, I'll look into it :)

Movieshow

⋅ Jun 12, 2021 4:54 PM

@johntradingwick ok bro thank you 😊

johntradingwick

⋅ Jun 12, 2021 4:57 PM

@harimagesh1205, No worries. Good luck.

Movieshow

⋅ Jun 13, 2021 4:45 AM

@johntradingwick saying for Maharashtra bank bro?

w15684640w

⋅ Jun 13, 2021 10:44 AM

Perfect tech analysis and price action

johntradingwick

⋅ Jun 13, 2021 12:55 PM

@w15684640w, Thanks a lot, mate :)

sohamdey76

⋅ Jul 28, 2021 12:34 PM

Good decisive close at 134. Have initiated a long position on this, for 151 levels first. Could you please do an analysis on Tata Steel BSL and Usha Martin? What could be the possible targets?