HARMONICSANAND

multiyear breakout trade setup !

Long
NSE:SAIL   STEEL AUTHOR INDIA
sail : 141.30

trade set up :
1.buy above 145
2.keep stop loss as 120 on closing basis
3. short term target 175
breakout long term targets 199/240+

technical set up :
1. resistance breakout
2. multiple time frame analysis
3. volume
4. value in sector
note :
stock has recently done breakout of 11 year price zone retested the same ,
consolidation of price seen now . on the verge of breakout again .
volume throughout the bull run is huge month on month . and dry volume when price correction.
consistently stock is breaking multiyear price zones . considering value in whole sector ,its good pick on breakout concept.

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