praveen.bhatiya

Trend is the Friend : SAIL Long!

Long
praveen.bhatiya Updated   
NSE:SAIL   STEEL AUTHOR INDIA
Uptrend started in Feb 2016 is still intact, moreover it has formed a beautiful up sloping channel recently. I would go long here with Stop Loss 46. 40 (Closing Basis) and look for a target of above 57. Worth taking risk with good risk to Reward ratio.
Comment:
Stock is doing very well continue with trailing stop loss for the target.
Trade closed: target reached

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