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

Related publications

Sail short setup

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