smallcapDADDY

30% upside potential in SAIL for positional trade

Long
NSE:SAIL   STEEL AUTHOR INDIA
>A good breakout above a multi year strong resistance of rs100 and a good consolidation at 38.2% fib level and retest of 50EMA.
>A long position can be initiated between 122 to 130 for a target of at least 30% with a stoploss of 115
>A favorable risk reward ratio of above 4