SAILSAIL reports highest-ever exports in fiscal year 2020
Steel Authority of India Limited (SAIL) achieved its highest ever exports at 1.18 million tonne during the fiscal 2019-2020. This is a growth of over 54 per cent over the previous year, a company statement said after the 48th Annual General Meeting (AGM) on Thursday.
I have bullish view on this stock... And investing for 2 year
Enter at CPM above 80
Stop loss with Weekly close basis 70
Will do Pyramiding at 75 Min Chart
But Stop Loss on Weekly Closing Basis
this is for educational purpose not for investing Idea #Invest on your own risk
Sail
METAL NIFTY Monthly Chart AnalysisI wrote an idea earlier on TATASTEEL and my opinion of the same using the monthly chart.
Here, I've used the monthly chart of NIFTYMETAL which in my opinion is bullish at the moment. Even though, I am posting this idea in order to further my discussion presented in the TATASTEEL idea but have done as much justice possible to the NIFTYMETAL monthly chart and have drawn a self explanatory chart.
Bullish claim reasons:
1. NIFTYMETAL fundamentals strong and are expected to become even stronger in the near as well as far future.
2. The current rally is supported by the rally in NIFTY and has shown a bullish momentum so continued riding is a possibility.
3. RSI bullish, should test the resistance line.
4. MACD bullish, recently had a crossover, histogram in rising stage.
Level Analysis:
1. The CMP is 3529, the 3525-3530 is a resistance zone and might be broken in the current rally.
2. The first level opening up is then 4000 which is a strong resistance.
3. Then a move towards 4250 which is a multi-year high can be seen. It may act as a relatively weaker resistance.
Over-all I'm bullish, but,
Risk introducing aspects:
1. Dollar index might give long side breakout at the 90 level which would have a negative effect on NIFTYMETAL as explained in the TATASTEEL post.
2. NIFTYMETAL is currently at resistance and a pull back is always a possibility.
3. RSI is in the overbought zone though it is respecting it.
Other Positive Points:
1. Metal demand all over the world is increasing and a subsequent increase in supply is anticipated in the near and far future due to the anticipated pace of the revival from the pandemic.
2. Interest in the metal sector stocks has been increasing for the past few days evident from the increase in volumes and increase in quantity traded.
3. GST collection at all time high, supportive of the metal industry.
Trade Executed: Bought TATASTEEL 800CE January expiry @7, CMP @5.1
Opinion on trade: Entry was a little early.
Trade further aim: Exit needs to be timed better.
All comments and clarifications are more than welcome.
Post only for education purposes.
Sail LongI hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Sail LongI hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SAIL SHORT I hope you can now see how SAIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SAIL SHORT I hope you can now see how SAIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SAIL SELLI hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.