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kalyanganguly

SAIL - Hammer at ascending triangle support

Long
STEEL AUTHOR INDIA (NSE:SAIL)  
kalyanganguly  
NSE:SAIL   STEEL AUTHOR INDIA
Trend Analysis Chart Patterns Technical Indicators sail sailltd saillong sailbuy steelauthority
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trendanalysis chartpattern indicator sail sailltd saillong sailbuy steelauthority
Note: This is for educational purpose only. Please do not trade F&O based on this analysis.

There seems to be a bullish hammer at ascending triangle support. Moreover, this coincides with 50 EMA. RSI above 50 indicates bullish momentum.
During price fall, there was a decrease in volume which indicates weak sellers.

SL: 62.50₹
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