seekedgetrade

SAIL Flag breakout candidate on weekly

Long
seekedgetrade Updated   
NSE:SAIL   STEEL AUTHOR INDIA
SAIL weekly chart showing a flag breakout pattern. 3 year breakout forming the pole. Potential entry only on confirmation when price above highest candle high in the triangle.
Comment:
#SAIL as a momentum range shift and bounce which indicate further up move can be seen.ascending triangle pattern breakout in progress.all timeframes good momentum and trend.last candle hammer shows bulls pressure.Long above resistance 151 is not bad idea

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