Get started

Sail

SAIL: BULLISH TRAINGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 127 & look for the tgt of 150/160
NSE:SAILLong
by TradingSutra
1
SAIL Triangle Breakout SAIL has recently made a rally from 80-85 range to almost 150. After rallying up this much it has slowed down and consolidating. SAIL Chart has formed a triangle pattern. High at 150 --> Retraced to 118 --> Climbed to 138 --> Retraced to 121 --> Climbed to 133.35 --> Retraced to 122.8 The Prices are confined to a triangle as shown.Considering this it soon might break out of triangle pattern. You can enter a Long trade on SAIL when we have a proper break out of triangle with volume ( hoping in next 5-8 sessions) Entry- 131 ( Closing basis on daily candle) Stop Loss- 118 ( base of the triangle) Targets - T1- 150 T2 - 172
NSE:SAILLong
by Santosh_A_Chavan