NSE SAIL Is Preparing For A Bull Run

forextidings Updated   
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+
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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