Sail is consolidating since 1 month after big move earlier and since then trading in symmetrical triangle, now it's near support zone as shown in chart, and as the triangle getting narrowed, expect a breakout soon, most probably a upside breakout as volume is not great during fall also RSI & CMO is in oversold zone, so expect a reversal in trend, and as it break...
SAIL is attempting a triangle breakout.. Long abv 63.5, add more above 65 tgt 70++, Stop is close below 60
Keep strict stoploss as market looking over heated and can get into some kind of correction to 9000 levels or so.
It is been observed on the Daily chart that the price action trending up in a channel and now facing resistance on the upper trend line, indicating selling pressure. Now, it shall correct a bit from current levels before further moving up.