SAIL is in up move :
• Triangle pattern break out yesterday and today got confirmed
• Volumes are high
• Price above 13/20/50/200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels
Scenario 2 : Price break down below 123 can...
Sail is in recovery stages, looking for clearer sign of strength, we broke out of falling channel and now have overlapping impulse waves, could be a leading diagonal, if yes we can start projecting higher. all indicators are also suggesting same direction, one can go long at these levels or in dips ( if any ) with mentioned key levels on chart.
Swing trading setup "SAIL", can expect more than 100% returns.
The stock is picked on the basis of both technicals and fundamentals, can easily expect good returns after 1st target breakout, and even targets up to T1 are quite attractive, one can add sail in his/her portfolio seeing the price at which it's available.
If you liked my idea, please like and follow me...
Keep an eye!
- Key levels have been marked
- Volumes have generally been decent in the recent sessions
- Sideways consolidation between the key levels might happen
This is not a recommendation, do your own analysis before putting your money in it
JINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week.
If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500.
Target- 450 500 New 52Week High
Steel authority of India is 52 week high on a weekly chart and it's about 20 day high should on daily chart. wait to cross the 50 DEMA on daily chart and should enter into the trade chances of hitting fibonacci level 1.25 to 1.5 looks high. Volume need to be high on a daily chart.
Sell at 107.70
TARGET buy 106.70
i am not a professional trader and this is not a recommandation. this is for study purpose..
if i am wrong in this analysis then please let me know....
thanks in advance
1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level.
Please refer below chart : Daily time frame.
2) On daily time frame: It has been respecting the support zone and keep on taking support from it....