STEEL AUTHORITY OF INDIA

MONTHLY WEEKLY CHANNEL BREAKOUT IN #SAIL

By Manish_Mangla

Updated

SAIL has given monthly weekly channel breakout after some accumulation btwn 104-98 may go for 110-114 as tg1 and 118-120 as tg2 and stop loss as fails to cross channel successfully may need to wait for 2-3 weeks

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Need to consider the environment getting formed in market due to increasing number of CORONA cases

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as took little support at rsi60

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breakout is with the volume at weekly time frame

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Now if the market doesn't fall due to #CORONA then SAIL is must add stock in portfolio for long term

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