arj18028

SAIL SHORT DOUBLE TOP

Short
NSE:SAIL   STEEL AUTHOR INDIA
Sail has made a double top at the bottom of the fib extension level as shown in the chart. The next strong support level is just below 2 ATR (daily) at 86, which is our target. Stoploss should be the open of the daily candle formed on 15/3/22, which is almost like a bearish marubozu indicating strong selling pressure.
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