aufficial

SAIL IS GOING TO BE A RAIL AGAIN

Long
NSE:SAIL   STEEL AUTHOR INDIA
SAIL is creating a base again to be a bulllish RAIL ---------------------------------------->

As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge ), also the momentum increased creating a bullish divergence . So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days)

FOR INTRADAY TRADERS( only for 31-05-2021)

1- It was totally bearish last day and CREATED A DOJI (could be a sign of reversal) as last candle (on hourly frame).

2- Also , since it came again to support, so it can jump again as momentum is increasing.


LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share.......

Happy Trading ..... :)







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