STEEL AUTHORITY OF INDIA

Long

Updated

SAIL BUY setup - Hunt with tRex

BUY SAIL at CMP (₹64)

T1: ₹55
T2: ₹55.5

SL: ₹53.45

Note

Typographical error

BUY SAIL at CMP (₹54) and obviously not ₹64 😝😛

Note

Forming ascending triangle

snapshot

Note

After posting the analysis Sail made a high of 54.40
Later fell suddenly till 53.50 and missed SL by 50 paisa!

Some serious tug of war going on

Note

On a bigger picture SAIL has bounced on a trendline.

snapshot

Note

Right-Angled and Descending Broadening pattern on day chart.

snapshot

Trade closed: stop reached

Trade active

Going long again with same setup (only for aggressive traders)

Trade closed: target reached

T1: ₹55 achieved
T2: ₹55.5 achieved

ALL TARGETS DONE
HUNT OVER

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Related publications

Sail short setup

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.