prajfinancials
Long

SAIL likely to resume uptrend

NSE:SAIL   STEEL AUTHOR INDIA
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Sail surged more than 50% in the span of 25 trading sessions. The stock retraced 38.2% of the previous rise during last 8 trading sessions. Now it looks like it'll resume its upmove towards 92 & then towards 100. The stock rose with strong volumes during upmove & corrected with declining volumes. So volume theory also supports the view. So long positions can be initiated at current levels for targets of 92 & 100 with stop below 72.5
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