tRex88
Long

SAIL BUY setup - Hunt with tRex

NSE:SAIL   STEEL AUTHOR INDIA
BUY SAIL at CMP (₹64)

T1: ₹55
T2: ₹55.5

SL: ₹53.45
Comment: Typographical error

BUY SAIL at CMP (₹54) and obviously not ₹64 😝😛
Comment: Forming ascending triangle

Comment: 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
Comment: On a bigger picture SAIL has bounced on a trendline.

Comment: Right-Angled and Descending Broadening pattern on day chart.


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 Ideas

Looks like you don't leave SAIL until it gets bounce back..
☺️
+1 Reply
tRex88 SpSenthil
@SpSenthil, ha ha 😜😝😛🙈 I am over optimistic about the bounce for multiple reasons
Reply
Let us sir, who wins ☺️
+1 Reply
tRex88 SpSenthil
@SpSenthil, Who could win according to you? Please share your thoughts and analysis :)
Reply
@tRex88, I too strong believe in bounce back technically.
+1 Reply
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