STEEL AUTHORITY OF INDIAUpdated NSE SAIL Is Preparing For A Bull Run
SAIL has been forming descending channels for more than 47 weeks. It has accomplished corrective structure((4)) at 61.8% of wave ((3)).
Wave ((4)) is a double combination pattern. After creating a low of 84.35, the price started marching upward.
If the price breaks out of the corrective channel, traders can trade for the following levels: 123 - 143 - 162+
Wave ((4)) is a double combination pattern. After creating a low of 84.35, the price started marching upward.
If the price breaks out of the corrective channel, traders can trade for the following levels: 123 - 143 - 162+
Trade closed manually
Price couldn't break the upper band of the parallel channel.If the price sustains below the major channel, It is a bearish signal.
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