Steel Authority (SAIL) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Sail
Nifty - Selling at 10K Repeats!Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Only Above 10000 or 10K - look for upside target 10170-10200 else Plan B is our favourite short term strategy
Plan B -
Continue your sell taken close to 10000 for 9800 / Below 9800 for 9700 / Below 9700 for 950-9600- Break of Yellow Channel Downside - It may drop to 9400 & lower targets as discussed.
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Last Nifty Idea -
Roller Coaster Ride 9700 -Done & Out
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Last Idea for Stock - ITC
Selling The Tops at 203
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Last Idea on Global Index - SP500
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To check older ideas use profile page & search box available on the profile page
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
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We may notice that there are multiple of factors supporting SAILIn the coming weeks metals may witness a pull back, like tata steel SAIL is also enjoying a hammer formation on a very strong support level. We may notice that there are multiple of factors supporting SAIL here. The hammer formation further confirms buying here. RSI is just at the bullish oversold extreme though MACD has fallen below 0, a bounce may not be ruled out. 45, 47 & 50 are the most probable target zones while falling below 40 will not be a good news for buyers.
SAIL Short term viewRefer chart. Breakout done .Indicators are showing positive signals to move further upside from here. These may helps to reach the target.
Vijayaraghavan
Chennai.
SAIL Possible up Trend !! TREND ANALYSIS
Trade Setup
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
SAIL (Steel Authority of India Limited) BUY ABOVE 33.25SAIL (Steel Authority of India Limited) BUY ABOVE 33.25
SAIL (Steel Authority of India Limited) BUY ABOVE 32.5SAIL (Steel Authority of India Limited) BUY ABOVE 32.5
SAIL - LONGWeekly Channel as shown in Chart.
Chart is hovering near Weekly Support.
Possible Long Move.
targets can be seen on Chart
SAIL (Steel Authority of India Limited) SELL BELOW 36 SAIL (Steel Authority of India Limited) SELL BELOW 36
Sail Rocket Trend Coming For few Weeks !!TREND ANALYSIS
Follow Chart Instruction.
Wait for Proper Entry.
Do not be Hurry for entry.
Do not book/Exit Early , wait for atleast 1st Target.
Buy/Invest with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX .
longwhen trendline break it will move sharply upto upper trendline.
Can be bought with stoploss of 44.
SAIL trend changeGood breakout with volumes, can touch 70 in medium term. Keep an eye on other metal stocks.
SAIL1) Invert H&S
2) Support at trend line
3) Highest OI at 60 ; near term resistance
4) Dollar likely to strengthen due to crude oil supply tightness
Short and Medium Term Investment Pick : SAILSail has given Breakout on HTF and on Daily TF Rally is holding well. Expect Immediate Target 67.55
Sustain Above 67.55 for week then this would be good Medium Term Investment Stock.
