Sail
SAIL BreakoutThere are huge chances of upper breakout.
If breaks triangle in coming 2-3 days upside then enter with 30% quantity. Wait for retest, then average it using remaining 70%.
Entry --> 129.80-130.50
SL --> 2₹
If breaks swing low with 15 min strong candle then short for tgt of 100,90 with same SL
NOTES :
if does not cross 129.80, don't enter.
Continuously check volume to avoid fakeouts.
Wish you all the best 😊
SAIL TO THE MOON ?About SAIL – Steel Authority Of India Limited
Multibagger Jackpot Stock SAIL (Steel Authority of India Limited) is one of the largest steel producer and Maharatna company in India. SAIL manufactures Railway Products like Rails, Wheels, Axels and Wheel Sets etc.
India is the world’s third-largest steel producer and the growth in the steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. The steel sector has been a major contributor to India’s manufacturing output.
Technical Analysis:
From an investment perspective, you can expect more than 100% return from multibagger jackpot Stock SAIL. Currently, this buzzing stock is trading at around Rs. 127/- after touching all time high of 150/- It may break 150 levels very soon. Look at the volume expansion of this stock, big players are heavily invested in this stock, also the commodity bull run is going to last for 3-4 m years. This Maharatna company will give you 100% return over years. Just buy the stock and forget about it. Sit tight and let it grow.
Fundamental Analysis:
Company has reduced debt, Stock is trading at 1.15 times its book value, Company has delivered good profit growth of 24.57% CAGR over last 5 years.
Buy SAIL above 134An ascending triangle pattern with long term trend line.Confluence of demand zone and chart pattern.
Buy SAIL above 134.
NIFTY METAL ABOUT TO GIVE BREAKOUT. TOP PICKS TO RIDE THE RALLY.NIFTY METAL IS ABOUT TO GIVE A STRONG TRIANGLE BREAKOUT AFTER CONSOLIDATION.
Top 3 picks are:
1) Tata Steel: Tata Steel shares have rallied 240% in the last one year on the back of rising steel prices. Tata Steel deleveraged its balance sheet. The company repaid Rs300 billion of its net debt in the last financial year. In its latest quarterly results, the company reported better than expected numbers on the back of improved realisations in the domestic market. The rally is going to resume in coming days.
2) SAIL: Shares of SAIL have been up almost 300% in the last one year. As the largest producer of steel in the country, the company was the beneficiary of soaring steel prices. With steel prices at a record high, the company is poised to post its best-ever EBITDA.
3) Hindustan Copper: Riding on the back of buoyant copper prices, Hindustan Copper (HCL) shares have jumped 330% in the last one year. HCL is the only vertically integrated copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, and refining. Goldman Sachs have both said copper prices could hit $15,000 a tonne in the coming years.
Pole & Flag - SAIL - Daily Chart -Swing TradeSAIL is making a flag pattern after a big pole. Keep on the radar for a breakout trade with positional view. This is a bullish chart pattern.
30% upside potential in SAIL for positional trade>A good breakout above a multi year strong resistance of rs100 and a good consolidation at 38.2% fib level and retest of 50EMA.
>A long position can be initiated between 122 to 130 for a target of at least 30% with a stoploss of 115
>A favorable risk reward ratio of above 4
SAIL ( Long position)Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where price moves in the same direction as the breakout
BUY level - 120-123
target- 135-150-188
Stop loss- below 117 as per ur risk capacity
time frame- mid to long term (1 to 4 months)
adding quantity as per market trend and positive data.
thank you
BUY BHEL TARGET 80Buy bhel for a target 80 short term.
Stock under consolidation. Expect breakout soon.
Those who have must hold on.
Breakout waiting in SAILBreakout waiting in SAIL, can consider to start accumulation slowly. Target 150
Sail - BullishAt Strong Support Area
Limited Downside Possible
Grt Risk To Reward
Buying at 123/124
Sl Below 120
Tgts 134/140
SAILNeeds to bounce back from 121 (approx) levels.
Breakout expected in coming days.
Shared only for educational purpose.
No recommendations
Intraday Idea for 1st July 2021. If tomorrow SAIL goes below 130, or it retest 132 range and fail to give breakout, then you can short it from 132 or from 130. Target can be set up to 126.50. Stop loss would be above 132.80 if you short nearby 132 / If you short nearby 130 then stop loss would be 132.20 .
Risk to reward is 1:1 or 1:1.5. Do your position sizing correctly. You can expect to get 1.5 to 2 rupees as target.
Reasons: SAIL broke it's support of 20, 50, and 200 MA. And showing down trend in daily chart, which I'll share in a separate post.
NOTE:
USE 5 MINUTE CHART FOR THIS TRADE.
DO YOUR POSITION SIZING CORRECTLY.
DRAW THE LEVELS IN YOUR CHART AS WELL.
DON'T BECOME GREEDY.
DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
Sail Descending Triangle On a Daily Time Frame, Sail is Forming a very beautiful Descending triangle pattern. Currently trading at the resistance of the trend line. Might see a fall for next few sessions and a good fall after the successful breakout. Keep a close watch.
SailSail 🐂 🐂🐂🐂🐂🐂🐂🐂🐂🐂
My analysis my be Booommmmmm
Education purpose not recommend buy or sell
Buy or sell won risk
