SAIL Multi-year multiple Breakouts - BULL RUN AHEAD
Updated
SAIL a Roaring Buy
Multi-Year multiple Breakouts on Weekly Chart
1)First - Head & Shoulder BO above neckline of 90
Head & Shoulder formation on weekly chart since 2013 completed.
2)Second - BO above 114 with highest volume since 2009.
114 was a strong resistance since 2012, which SAIL was unable to break in 2012 & 2014
3)Golden Cross Over Formation - 50 Week SMA may cross over 200 Week SMA anytime in coming weeks, which will again take the stock price higher.
Targets as per Fibonacci
162 - 176 - 200 - 236
Minor Resistances are placed at
153 & 196
SL - 99
Daily, Weekly & Monthly RSI - In Overbought Zone
Shows the strength of the momentum.
Multi-Year multiple Breakouts on Weekly Chart
1)First - Head & Shoulder BO above neckline of 90
Head & Shoulder formation on weekly chart since 2013 completed.
2)Second - BO above 114 with highest volume since 2009.
114 was a strong resistance since 2012, which SAIL was unable to break in 2012 & 2014
3)Golden Cross Over Formation - 50 Week SMA may cross over 200 Week SMA anytime in coming weeks, which will again take the stock price higher.
Targets as per Fibonacci
162 - 176 - 200 - 236
Minor Resistances are placed at
153 & 196
SL - 99
Daily, Weekly & Monthly RSI - In Overbought Zone
Shows the strength of the momentum.
Trade active
Wonderful ResultSAIL Q4FY21
Revenue at 23285cr vs Poll of 22850cr
Adjusted EBITDA at Rs.7304cr vs Poll of 6488cr
Adjusted Margins at 31.4% vs Poll of 25.2%
Employee costs included wage revision of 1150cr
Net debt down ₹16131 Cr in FY21
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