Break Out Trade in Steel Authority of India Ltd. (SAIL)Date : 4-Apr-2022
Rating : Buy.
LTP : Rs. 106.40
Target: Rs. 125-->150
SL : 95
SAIL has given a break out from its primary down trend. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence.
Disclaimer : I am not a SEBI registered analyst/consultant. I am not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Sail
SAIL- Inverted Head and Shoulders BreakoutSteel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.(Source : Company Web-Site)
Sail for long term investment in commodity supercycleIn a commodity supercycle you want to position yourself in a scrip which is better placed and has potential to give good returns.
Looking at the companies fundamentals, it is improving it's asset quality. The debt to asset ratio has improved significantly in last year. I think by the end of this year it will have zero debt. It also has expansion plan, from 18MTA to 50MTA. That's huge. Fundamentals are supportive.
Technical chart I have provided and is self sufficient to explain itself. 28 March is EX date, the price generally comes down significantly on the EX date week. Anyone not having this in there portfolio can look to add it when price corrects next week. Although, I am not sure if it will correct significantly. All those holding, cheers! Keep holding!
Disclaimer: For educational purpose.
SAIL Ready to Break the trendSail is about to break the trend line in another days.
If it crosses 109 then there is a clear breakout confirm it will come out from the down trend.
For clear breakout expecting a long green candle with open and close above 109.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.
Sail Long opportunityNSE:SAIL
Stock - SAIL
TimeFrame - Monthly
Hello all!
Sail has been facing heavy resistance between 90 and 104 price band since May 2006. It finally broke that price band on April 2021 with a huge bullish candle and heavy volumes. It has now come back to retest the resistance-turned-support zone and has also formed a Flag and Pole pattern.
The Perfect entry would be after the flag breakout. The analysis would become invalid if the stock falls below the lower flag trendline
Do let me know your thoughts on this!
*NOT A CALL*
SAIL ready for another bull movewe have to wait for the triangle breakout and once the breakout has closed above the b wave in the triangle then it will be a conservative entry.... even if it break down we can accumulate in 100 zone and it will be a good supply zone. then we c expect a bounce back .
disclaimer: i'm not a SEBI advisor I share my knowledge for education purpose. before taking trades kindly consult your financial advisors.
#SAIL #StockMarket #StockIdeas #StocktoWatch #StockToBuyBuy SAIL With A Target Price of Rs. 140/150
Also can buy upto 30% at CMP and rest after it cross 110 levels.
Keep SL of 90 on closing basis.
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Stock Trading in Channel , currently at bottom of channel
Also after recent move, it is correcting from top level. Creating FLAG chart pattern
So better to keep on watchlist.
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SAIL has higher exposure to the Construction segment vis-à-vis peers. Hence, any revival in the Construction segment in 4Q should help the company improve its margins on a QoQ basis
he stock is trading at 3.4x/4x/2x our FY22E/FY23E EV/EBITDA. It is trading at a P/B of 0.8x on FY22E/FY23E