banti301

Sail - Congestion break out with volume expansion- Long

Long
NSE:SAIL   STEEL AUTHOR INDIA
1) Clear uptrend
2) Deeper pullback
3) Congestion - sideways movement for 31 sessions
4) Break out wide big candle accompanied by high volume
5) price is now above 200 EMA
6) Going long at CMP with 33 as stop
Comment: I will exit this trade at today.