vikramsthakkar
Long

Sail (81.70):#DescendingTriang#Flag

NSE:SAIL   STEEL AUTHOR INDIA
Going forward till 75-78 holds, expect rally to continue upto 85
Rally will further strengthen above 85 towards 88-92 levels

Rationale: Rise in volumes when price going up against below average volumes while price falling, Descending triangle breakout after vertical rally last month(Works best if breakout on upside)

Accumulate in range 78-82 stop 74 Targets 88-92-101 (Delivery)
Traders buy in range 80-82 stop below 78
Intraday trades or Carry traders buy with stop below 80 and add more above 82.50
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