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 ..... :)







Comments

CAREFUL :- THE HIGHER HIGH STREAK HAS BEEN LOST BY SAIL......

may go for consolidation for few days..... and then breakdown will happen.

IF i get any idea, obviously i will inform in advance so you can book profits.....
Reply
Sorry for that RISING WEDGE(instead of FALLING WEDGE)
Reply
STEEL PRICES UP AGAIN, and SAIL biggest supplier to the Govt.
Reply
aufficial Hyperbola2
@Hyperbola2, Absolutely correct. And its making a base right now before it starts flying. Can be a good swing opportunity.

I recommend swing/positional over intraday.

Happy trading :)
Reply
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