manuvsingh

SAIL - Head and Shoulder, Rising Vol and RSI, Price abv 200SMA

Long
NSE:SAIL   STEEL AUTHOR INDIA
Rising Volume + Rising RSI + Price Taking Support at 200 SMA

Next Targets : 84 - 92 - 114 - 123

Stop Loss : 60

Head & Shoulder Breakout above 40 .5 in Nov'20
Neckline Resistance very beautifully at Fibonacci levels
For Left Shoulder : 78.6% - Rs51.5/-
For Head : 61.8% - Rs45/-
For Right Shoulder: 50% - Rs40.5/- (Breakout Level)

Chart Only for Educational Purpose
Trade closed: target reached: All Targets upto Rs123 achieved.

A return of 62% generated in 2 months.

Trade was initiated at Rs76.