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 forming falling wedge pattern. Traders can go long once breakout is confirmed. BUY above 62.4 SL : 61.4 Target : 64.5
NSE:SAIL is near its support and also forming triple bottom there, It can get a good bounce from there and can break the resistance at 67-68 and can touch 72-75 levels in coming days.
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.
for educational purpose sail is showing a rest in downtrend in the form of bearish flag short it at 59.70 with sl of 61 with target of 53
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. TATASTEEL Target: 458 Stoploss: 468 SAIL Target: 58 Stoploss:60.50
Uptrend started in Feb 2016 is still intact, moreover it has formed a beautiful up sloping channel recently. I would go long here with Stop Loss 46.40(Closing Basis) and look for a target of above 57. Worth taking risk with good risk to Reward ratio.
Doji candle formed at the supply zone suggests a short entry at this level. I would look for a short if it trades below 50.45 level tomorrow with stop loss of the high made in the recent bar. By risking this small Stop loss I would look to take profit 2.5 - 3 times of it. Happy trading!
It is been observed that the price action is trending up in a channel formation on daily chart. It is also to note that there is a short term formation of Inverted Head N Shoulder Pattern which is about to break above the neckline of 50 level that will take prices further up to 52 levels and then we could see a retracement back to neckline and then a further...
It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks. Target:...
It is been correcting for a while under the downward trendline, Yesterday it broke out from that trendline and now we shall see a rally up to the level of 51. Target 1: 51 SL: 46.50
The price finally broke out from the support levels and now that support levels are acting as resistance. I believe it is a good time to short it the current level for the target of 46.50 SL 47.25
The price action has just completed the previous Gap and now it may reverse from the current levels and moving up to reach out for 49 levels again. If it breaks out from current levels, then we might see 46 levels. Take a good watch and it is ideal time to get it at minimum risk.