SAIL knocking at heavens door!!!!After a nice consolidation, looks like SAIL is about to take off!! A slight push from here would easily take it to 90+ levels. Its for positional!
Sail
SAIL - SWING TRADING - 21.07.2022 - BAHAVAN CAPITALSAIL 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 Holding 1780.94 Cr DII Net Selling 230.22 Cr
21.07.2022 FII Net Holding 1799.32 Cr DII Net Selling 312.29 Cr
I only Share my opinions on the shares which i will buy and not for the sake of only publishing and not entering in any stock. Sail had crossed above 74 and Iam holding Sail as per my own buy call.
Happy Profitable Trading to All.
SAIL - SWING TRADING - 19.07.2022 - BAHAVAN CAPITALSAIL 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 for this month.
Will discontinue Intraday and focus on Swing Trading.
Happy Profitable Trading to All....
SailSail 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.
SAIL 08.07.2022: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
RELIANCE Cup & HandleNSE:RELIANCE
#NSE:RELIANCE formed beautiful cup & Handle.
Good above 2850
Happy LEarning !!
ONGC BONSE:ONGC
#ONGC 155 CE shared @ 5.1 and reached 9.7 now, bagged 18k/Lot.
Further levels marked on chart for practice.
Other levels shared, check.
Happy LEarning!!
Accumulate SAIL Start Accumulating SAIL At CMP
PE Ratio Cooled Off to 2.4
Weak Hands Washed Out On Strong Selling Volume
China To Ease Covid Lockdown Restrictions Which Will Give Boost To Steel Sector
Education Purpose
SAIL Descending triangle !!NSE:SAIL
#SAIL Descending triangle.
Ping me personally for levels
Happy LEarning !!
Positional in SAIL According to fundamentals & technically, Sail gives us a good opportunity to make our portfolio green with a target of 15-20 or may be more after a upper line breakout if market sentiment are positive.
SAIL Analysis !!📈 SAIL 📉
Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 114, 129 followed 143.
StopLoss should be kept at 93.
It offers 1:4 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE SAIL Is Preparing For A Bull RunSAIL has been forming descending channels for more than 47 weeks . It has accomplished corrective structure((4)) at 61.8% of wave ((3)).
Wave ((4)) is a double combination pattern. After creating a low of 84.35, the price started marching upward.
If the price breaks out of the corrective channel, traders can trade for the following levels: 123 - 143 - 162+
Good Reversal Possible From SupportBuy between 95.8-96.8
Target - 104, 110, 120+
Positive hammer at the support level.
SAIL LongReasons to buy NSE:SAIL :
1. About to break long term trend .
2. Small divergence seen on RSI
3. Reverse Head and Shoulder seen in RSI
4. Bullish Marubozu candle without wicks indicates bullish coming weeks .
Need to hold it for Long time as the tf here is 1 DAY.
More than just a swing trade opportunity #SAILSAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look.
It looks like SAIL is getting ready to resume its uptrend.
• There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level .
• We can draw two falling channels on the price chart (Marked as Falling channels 1 & 2 on the chart).
Price has broken above the inverse head and shoulder pattern, falling channel 1 and Strong resistance line.
A breakout above the other falling channel is pending.
For the uptrend to resume and to confirm that the correction has ended, the price has to just sustain the breakout and stay above the Strong resistance at 105. After which sail can go a long way.
Possibilities of breakout failure can not be ruled out, no matter how favorable the market conditions look. Sometimes the scenarios change instantly.
For Swing trade purposes:
Buy level – 108.5 (above falling channel upper line)
SL – 102 (below breakout candle low)
Target – 113, 123, 131
If SAIL starts its up move, it can go way above its previous ATH.
Reason?
• China produces around half of global steel and it’s dragging down the output by reducing production. Other large steel-producing nations including India saw an uptick in production and exports.
• Price hikes are most likely to be announced as coking coal prices are at elevated levels and expected to be there for a long time.
• Indian steel producers will have a better opportunity to increase exports due to the absence of Russia & Ukraine.
China increasing production is the biggest risk. But for the current scenarios, Indian steel manufacturers are in a sweet spot.
SAIL is more than just a swing trade opportunity.
I'm betting on the steel industry to grow all together and not just one stock.
If you like my analysis and way of presenting, do like and follow. I'll be posting regularly. Not too many but Good-quality analyses with detailed explanations.
also, comment your view, I'd love to have discussions.
Happy trading.
Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
Sharing my analysis and thoughts for a stronger and healthier community. Cheers
SAIL : short term analysisSteel authority of India has been in an uptrend recently with the metal sector making new highs overall. At present SAIL seems like its getting support from 38.2% fib retracement level and an trendline as shown in the chart.
Weekly Breakout Weekly Breakout Of SAIL
Safer can take entry above 114 level for TGT of 150-170 IN SHORT TERM.
Descending channel breakout in SAILChart -> SAIL Daily
We can see descending channel breakout.
CMP: 108
Targets: 123, 130, 143
SL: 97
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Sail. What to do with it?Sail had given breakout from it's parallel channel few days back. Today it tested the support. This gives a long opportunity in this scrip, but wait there is this weekly resistance line too. In coming day's it will try to test the weekly resistance again, and if it breaks out, you know the rule. A good long opportunity will come after this weekly resistance line is broken out, and then retested. That's when this scrip will have my blessings.
For explanation of breakout and retest look at the chart. This is charting behavior of scrip movement. Apply it on your trading journey/system.
Disclaimer: For educational purpose.
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A PSU Play in Metal is new GOLDSAIL - ENTRY ZONE - 110-111
SL Below 98
Target 131-151-211+
Disc. Not a trade recommendation
NSE:SAIL
Sail work in parallel channel .Sail work in parallel channel, it may test 122 soon. if sustain above 122 it would be break out of falling wedge pattern next target would be 140 and 175 in upcoming month.
Sail Short term Long Entry NSE:SAIL Sail has done the Breakout and retesting part of falling wedge pattern , secondly it has taken support from 0.5 fib level on weekly timeframe , we can expect T1 - 122 and T2- 142
