SAIL ready for correction?NSE:SAIL has reached an important sell zone of 177/170 at the half yearly time frame with fresh buy zone created at 166/160 levels, if sail manages to break above 177 and give a daily closing and opening above 177 then we can see more upside in coming days but before that we may see a small correction till 166/160 zone before countinuing the upside trend.
if we see a break below 160 then we might see 150 level zone getting tested , do keeep watch at the levels and plan your trades accordingly.
Sail
Investment pick:-SAILSAIL is on the verge of giving big monthly breakout from trendline.
It is one of the few PSU stocks which have not shown rally in past couple of years.
We can expect huge upside in this stock given the improved profitability and efficiency of the company.
Definitely a must have stock in portfolio if interested to invest in metal sector.
However, metal sector is highly cyclic and have higher risk associated.
Bullish Opportunity: SAIL Channel Breakout Above 160Details:
Asset: Steel Authority of India Limited (SAIL)
Pattern: Channel breakout
Breakout Level: Sustaining above 160
Potential Targets: Projection based on channel width or next significant resistance levels
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Steel Authority of India Limited (SAIL) has experienced a channel breakout, indicating a potential shift in sentiment. The stock has shown strength by sustaining above the key level of 160. This breakout suggests the possibility of a significant bullish move in the near future.
Accumulation Opportunity: The current scenario may present an opportunity for investors to accumulate SAIL shares at advantageous levels, considering the potential for further upside.
Possibilities:
Bullish Momentum: Sustaining above 160 could attract further buying interest, potentially fueling a bullish momentum.
Projection Targets: Traders often project potential upside targets by measuring the width of the channel and extrapolating it from the breakout point. This provides an estimation of the potential target levels.
Confirmation: Confirmation of the breakout with sustained trading volume would enhance the validity of the bullish scenario.
Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement.
As with any investment decision, it's important to conduct thorough analysis and consider risk management strategies before accumulating the stock.
SAIL will SAIL to the MOON 🌘🚀
SAIL is at 14 years resistance level. Volumes, RSI on monthly and weekly charts look very promising. A possible breakout on the cards!
Overall, metal sector looks well set for a rally in the next 1-2 years which makes SAIL a safe bet.
Keep a close watch and go LONG if it breaks out!
CNXMETAL - Just a View📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as follow: -
📊 Script: SAIL
⏱️ C.M.P 📑💰- 125
🟢 Target 🎯🏆 - 142-150
📊 Script: TATASTEEL
⏱️ C.M.P 📑💰- 141
🟢 Target 🎯🏆 - 147
📊 Script: JSL
⏱️ C.M.P 📑💰- 599
🟢 Target 🎯🏆 - 615
SAIL - Bullish Swing Reversal with VolumesNSE: SAIL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 20% to 30% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
SAIL - will provide an impressive profit in the months aheadNSE:SAIL
cmp 135
will provide an impressive profit in the months ahead
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
SAIL - Swing Trade Analysis - 28th January #stocksSAIL (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SAIL
sailthere is a potential strong support level around ₹92.36. This level has been tested and held multiple times in the past year, most recently in December 2023. There is also a significant increase in volume at this level, which suggests strong buying pressure. Additionally, the 50-week moving average is also located around this level, which can further act as support.
It is important to note that no support level is foolproof, and the price of SAIL could still break below ₹92.36. However, this level does seem to have some technical and fundamental support behind it, making it a potential area to watch for buyers to step in.
#sail very Billish Idea (16 year trendline resistance breakout)Sail
Breaking out from its multiyear resistance trendline today in daily TF as well as todays is weekly closing also gives breakout conformation
it looks very Bullish from this level
good to hold above 125 for the view of longterm investment
my view to this stock is 2x, 3x from this point
also its outperform nifty500 index in weekly time frame
Volume from past weeks increasing also confirms bulliness of this stock
in my view this is the opportunity to invest in this stock for handsome returns
SAIL Multiyear breakout with retest : A possible multibagger Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern Breakout
📌 Symbol/Asset: SAIL
🔍 Description: SAIL has made Broadening pattern from 2011 to 2020 and given breakout of the pattern.
Its a multiyear breakout and retest is also done.
We can see huge upside and might see returns in 3 digit percentage numbers !!
One need to just hold it for few weeks or months to come.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SAIL Swing trade- BuyBuy Sail with a stop loss set at 80 and a target of 140.However, depending on the individual's risk appetite, it may be necessary to adjust the stoploss and target accordingly.This means that the investor should consider their comfort level with potential losses and gains before implementing this strategy.
"Trading is not about predicting the future, it's about managing risk and finding opportunities in the present moment."
SAIL TECHNICAL ANALYSISHi traders..
refer to chart
please note
sail trading at 97 and being a bottom -'s up candidate
we may seen good upside as nifty also on support
rise of nifty also would be support to achieve our targets.
my levels i have mentioned over chart.
for trade in this stock please consult with your financial consultant.
i'm just sharing my view and not recommending to buy / sell.
to learn char reading you may contact me @ 7239900171 MSG/ WHATSAAP






















