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May 2, 2021 4:34 PM

SAIL Long

STEEL AUTHOR INDIANSE

Description

Sail (Monthly):- Breakout Done at 114.40 With Good volume Looks Good for 160/200++

1) Multiyear Breakout :)
2) Breakout With Strong Volume
Comments
Chart_Asset
i was holding from 78 amazing piclk
aditya69khera
Can support/resistance levels hold for as long as 15 years?
kritikkapoor2110
@aditya69khera, Yes they can
Have a look at Tata Power monthly chart, it recently gave a breakout in a 12 year pattern
aditya69khera
@kritikkapoor2110, Just checked Tata power, thanks!!
guide733
@aditya69khera, No . Dont bet like this. This is a cyclic commodity stock. All metals are in good demand. NMDC ,National Aluminium . Hindustan copper , JSW steel , Tata Steel all are up because steel prices are up. This is not going to last more than one year and this upcycle started about 1 year ago. Be careful and keep watch on commodity prices . Say steel Scrap was 220 USD/Ton and yesterdays price was 502 USD. Keep a watch on steel scrap . As long as scrap keeps moving up ,you are assured steel prices are up and so are all steel companies.
UnknownUnicorn17514371
Good. Thanks for sharing. What will be the Stoploss & Time frame for the target?
jigneshdandiwala
I was holding from 73 amazing return
vamshh
invested in sail at around 91 or something cuz of breakout and it is almost 40% increased and hoping this time also the same
i expect around 160
GrowMyWealth
Good research..at 150 level is important as death crossover is there at weekly time frame and Weekly supply zone. above 150 target should be 177 and 197
alishashaah
Thanks for the above analysis, Sail is a strong buy also with the metal stocks looking promising, it should further rally. Target price looks good around 165-200
Data source Quantsapp
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