Sanjan91

SAIL TRYING BREAKOUT FOR A RALLY?

Long
Sanjan91 Updated   
NSE:SAIL   STEEL AUTHOR INDIA
SAIL has shown bullish signs by rising above the breakout level. The XABCD bearish crab pattern gives us the targets mentioned on the chart.

The volumes were higher than the previous sessions also. However, wait for a pullback or add partial quantity and add further if the rally starts.

The breakout and stop loss levels are mentioned on the chart.

Happy trading :)

This is just for educational purposes.

Trade active:
Target 1 crossed and now it could test the supply zone for support, book some qty, and trail profits until the next target :)
Trade closed: target reached:
almost reached target 2 and then trailing SL hit

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