Keep an eye as Sail approaching recent highs of January. RSI at comfortable levels of >69.
Accumulation at lower levels, huge rally followed by correction till 38.2% retracement and again onward journey begins with same volumes as before.
Sail rose from the lower end of the long term channel and now headed towards the upper end of the channel.
Keeping it simple with Volume, Support Resistance and Momentum along with macros in the steel & PSU sector!
#For Educational Purpose Only #Positional
Accumulation at lower levels, huge rally followed by correction till 38.2% retracement and again onward journey begins with same volumes as before.
Sail rose from the lower end of the long term channel and now headed towards the upper end of the channel.
Keeping it simple with Volume, Support Resistance and Momentum along with macros in the steel & PSU sector!
#For Educational Purpose Only #Positional
Trade active:
Fresh Trend Upward as seen by Momentum Oscillator STOC RSI!