Sail
SAIL - Looking good for Swing Trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
SAILSail is in recovery stages, looking for clearer sign of strength, we broke out of falling channel and now have overlapping impulse waves, could be a leading diagonal, if yes we can start projecting higher. all indicators are also suggesting same direction, one can go long at these levels or in dips ( if any ) with mentioned key levels on chart.
Wave Structure could be like this
Breakout with good intensity of volume
weekly macd
Daily macd
Rsi in daily above 60
Dmi adx also positive
Bbc
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
JINDALSTEL - Fresh UpmoveJINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week.
If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500.
JINDLALSTEL
Buy-Above 810
Sl-479
Target- 450 500 New 52Week High
Sail Authority Break OutSteel authority of India is 52 week high on a weekly chart and it's about 20 day high should on daily chart. wait to cross the 50 DEMA on daily chart and should enter into the trade chances of hitting fibonacci level 1.25 to 1.5 looks high. Volume need to be high on a daily chart.
Simple Trade Setup | SAIL | 16-09-2021 NSE:SAIL
Observations:
1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level.
Please refer below chart : Daily time frame.
2) On daily time frame: It has been respecting the support zone and keep on taking support from it. Support Zone if from 118.55 to 120 level.
Please refer below chart : Daily time frame.
3) On 1hr time frame it has been trading between 118.60 to 123.75 level since more than 7 days. Breakout of any level will give move on respective side.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 16-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
SAIL SwingTrading and Long termWeakly chart Consolidation
LONG term 1x, 2x return.
Strong on the Metal sector.
Long term target 1 - 240
Swing trading
Target 1 - 128
Target 2- 140-145
Target 3 - 150
From here it can break strongly because of hitting resistance 3 times in a swing.
If SAIL falls from here accumulate shares at a lower prices at 110 and 100rs
Sail at strong support levelSAIL is sustaining its support and is very likely to move upwards from the current level. There is a minor RSI divergence in daily level giving another positive bias ,the support is very strong at the 115 level .Long can be initiated.
RR : 1:1.64
Target 135.6
Stoploss 112.35