SAIL - Resistance turned Support
After a massive rally in steel sector, SAIL broke its multiyear downtrend line and taking support on the trendline. This setup is like breaking the resistance and taking the same resistance as support, which is considered to be the nice setup for the further BULL run.
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.