TradingView
Azharks
Jul 25, 2021 2:46 PM

SAIL - Pennant pattern breakout + Hidden Bullish Divergence Long

STEEL AUTHOR INDIANSE

Description

Steel Authority of India Limited - Pennant pattern breakout + Hidden Bullish Divergence

Stoploss below the upper trendline

Target 1 @ 152, which is a key level
Target 2 @ 170, which is a key level
Target 3 @ 190, which is the price projection
Target 4 @ 205 which is a key level

Note: It has made a breakout last day and the price came back to the trendline resulting in a retrace, Trade based on tomorrow's price action.
Comments
achandran81
@Azharks is SAIL retesting the trendline?
karthikbaskar83
what may be the target expected for tomorrow??
Azharks
@karthikbaskar83, it's for short term and I have mentioned the targets.
gshlok1
short terms ?? can u suggest some timeline please
Azharks
@gshlok1, From the price projection, it is around 3 weeks. But, it can vary.
More