Trend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session,
price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can...
Steel Authority of India is struggling to close above 86 which is a strong horizontal resistance, only sustaining above 86 will open the gates for 98 and 112.
CMP 86
TP1 98
TP2 112
#SAIL
SAIL:- formed cup and handle pattern and also breakout the resistance and retest also confirm
buy at current level... buy for short term target....
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that,...
The metal sector is cyclical in nature , most of the stocks have undergone 50%+ correction , SAIL has fallen from 150+ levels and made lows around 65 forming a wide base double bottom and nearing breakout levels of 87+ , the volume profile also shows the maximum accumulation around the 75 levels , with a fall in the US inflation and the cooling down of the DXY...
SAIL is making a reversal bullish pattern with a favorable risk-reward ratio. I am looking upside of 10% in the short term.
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price has made a very popular chart pattern with lower highs and higher lows i.e. Symmetrical Triangle . Pattern has been broken out and the latest candle has closed above the breakout candle. Nice time to enter in this stock.
Entry= current price
StopLoss= 79
Target= 87
Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign).
Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting...
Sail is on a steady up move and has given a significant break out on the daily charts. Setup looks good for positional long. Intraday charts show higher low formation
Entry CMP
Target 82-93
SL 70
Market has a bullish bias given the consolidation and good inflation data from US
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Trading stocks,...
SAIL Above 74 for a Target 112.
As per the Below Data
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976. 40 Cr DII Net Selling 100.73 Cr
I Anticipated FII Participation to increase and stock to move uptrend as per my post on 19.07.2022 and indeed its good to see FII everyday increased holding.
20.07.2022 FII Net...
SAIL is about to Break out and Buy Above 74 and Target 112.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move...
Sail will sail above 73 to 75 then 80+.SL important, this sector is risky in these times, global metal prices are not giving much confidence. But this one has drop enough for now, can build up from here.
