TradingView
AdhigamaTrading
Oct 18, 2021 5:08 PM

SAIL is in up move Long

STEEL AUTHOR INDIANSE

Description

SAIL is in up move :

Reasons/Traits :
• Triangle pattern break out yesterday and today got confirmed
• Volumes are high
• Price above 13/20/50/200 EMA
• Price above VWAP
• Increased open interest, high deliveries

What can happen next :
Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels
Scenario 2 : Price break down below 123 can take it down to 116/105/98 levels

Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!

Please do like and share this idea. Thanks

Comment

triangle pattern breakout failed..

Comment

scenario 2 following low 103

Trade closed: target reached

All targets hit, low is 99
More