NSE SAIL Is Preparing For A Bull Run

STEEL AUTHOR INDIANSE

Description

⋅ Apr 6, 2022 1:17 PM

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

⋅ May 5, 2022 12:06 PM

Price couldn't break the upper band of the parallel channel.
If the price sustains below the major channel, It is a bearish signal.

Comments

sarthakgoyal7195474

⋅ Apr 7, 2022 5:03 AM

Great 👍🏻

Dinesh_C_Nagpal

⋅ Apr 6, 2022 2:57 PM

Small hindrance near 115-120, above that to the moon!

AmarDepp7

⋅ Apr 7, 2022 9:30 AM

awesome!!

Sai_Kumar

⋅ Apr 6, 2022 9:11 PM

I have a publication on SAIL too but it's all price action. your wave counts make the chart look more understandable. Thanks.
as per Elliott's wave theory, wave 5 could be equal to wave 1, Correct?
Or do you have any other targets set?

aryanmishra2522

⋅ Apr 6, 2022 5:17 PM

im planning to take swig trade on it whats your take

EkalavyaPrasad

⋅ Apr 6, 2022 2:03 PM

very good analysis madam..I spotted wolfewave at 94