SagirKazi

SAIL Bullish Breakout on Monthly Chart

Long
SagirKazi Updated   
NSE:SAIL   STEEL AUTHOR INDIA
Inverse Head & Shoulder Pattern seen on Monthly Chart, Breakout above 95.5 (Neckline)
95.5 is also Resistance on Monthly Chart. Stock will be breaking out after 9 Years of accumulation mode.
Huge Volume seen in last 5 months confirming accumulation at lower levels.
If Breakout is successful then expect Fibo Target of 147.3 and 225.5 soon. Excepted Time Frame: 2 Years.
Monthly Resistance marked with Black Lines on Chart.

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Trade active:
Pattern Still bullish. Waiting for Volume Breakout
Trade active:
Broke the mentioned Important Level of 95.5 with Volume.



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Trade active:
Shooting in Sky like a Rocket with good volumes , 178 can become a small huddle if not straight 254 is possible.
If anyone cant hold for long book profits at 178 .

Trailing SL - 130.4 (Weekly Close)


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Trade active:
Todays Close is above our Trailing Stop loss , hence Hold this Stock for higher gains.

Trailing Stop loss negated.


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Trade active:
Expected Quarterly EPS was around 7.3 it delivered 8.4

Should have positive impact on Stock Price.

Waiting for 151 levels to breakout.

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