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Sailanalysis

Verge of Breaking Falling Channel Closing above 100 EMANSE:SAIL is on the Verge of Closing above the Falling Channel; today it closed above Key Levels and with Good Volumes and it was able to close above 100 EMA. If it closes above the falling Channel and 156 Key Level Further Upside, it may go back to the accumulation zone if it fails. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SAIL
by Karanshah137
SAIL: Steel Authority of India Ltd - Breakout ViewDate : 8-Jul-2024 Rating : Buy - Positional View LTP : Rs. 155.61 (on 5-Jul-2024) Targets: (1) Rs. 175 --> (2) Rs. 188 --> (3) Rs. 210 SL : Rs. 140 on daily close basis Technical View: • NSE:SAIL is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 175.35 on 22-May-2024, it has retraced 29% to 124.80 level. • On 5-Jul-2024, NSE:SAIL has broke out from its secondary down trend with higher than average volume. • NSE:SAIL is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 54.16 and MACD is about give cross over. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and 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. Ideas are published for learning purpose only.
NSE:SAILLong
by vicky252
SAIL ready for correction?NSE:SAIL has reached an important sell zone of 177/170 at the half yearly time frame with fresh buy zone created at 166/160 levels, if sail manages to break above 177 and give a daily closing and opening above 177 then we can see more upside in coming days but before that we may see a small correction till 166/160 zone before countinuing the upside trend. if we see a break below 160 then we might see 150 level zone getting tested , do keeep watch at the levels and plan your trades accordingly.
NSE:SAIL
by ajinkyadiwakar717
1
Bullish Opportunity: SAIL Channel Breakout Above 160Details: Asset: Steel Authority of India Limited (SAIL) Pattern: Channel breakout Breakout Level: Sustaining above 160 Potential Targets: Projection based on channel width or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: Steel Authority of India Limited (SAIL) has experienced a channel breakout, indicating a potential shift in sentiment. The stock has shown strength by sustaining above the key level of 160. This breakout suggests the possibility of a significant bullish move in the near future. Accumulation Opportunity: The current scenario may present an opportunity for investors to accumulate SAIL shares at advantageous levels, considering the potential for further upside. Possibilities: Bullish Momentum: Sustaining above 160 could attract further buying interest, potentially fueling a bullish momentum. Projection Targets: Traders often project potential upside targets by measuring the width of the channel and extrapolating it from the breakout point. This provides an estimation of the potential target levels. Confirmation: Confirmation of the breakout with sustained trading volume would enhance the validity of the bullish scenario. Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement. As with any investment decision, it's important to conduct thorough analysis and consider risk management strategies before accumulating the stock.
NSE:SAILLong
by CyborgTradingHub
SAIL Multiyear breakout with retest : A possible multibagger Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Broadening Pattern Breakout 📌 Symbol/Asset: SAIL 🔍 Description: SAIL has made Broadening pattern from 2011 to 2020 and given breakout of the pattern. Its a multiyear breakout and retest is also done. We can see huge upside and might see returns in 3 digit percentage numbers !! One need to just hold it for few weeks or months to come. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE:SAILLong
by FiveCircles
SAIL Swing/Positional Trading SAIL Swing Trading These Targets are positional Holding for 1 year time horizon.. Buying/Accumulation levels 98 to 125 Stop Loss: Below 90 1st Target : 152 2nd Target: 180 3rd Target 215 Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:SAILLong
by sbkurandwad77
SAIL possible Elliot wave counts with Multi parameters alignedHello Friends, here we had shared analysis of stock from metal sector stock named SAIL, in which we had checked multi parameters which are aligned in same bearish bias as in current scenario. As per Elliot wave counts we are in complex correction or we can say double threes or double zigzag correction which we had labled as ABC as a (W) then (X) and again ABC as (Y), as per wave principles (Y) should be equal to (W) so we have enough space towards south zones (down side) which is indicating bearish bias as per Elliot wave counts. Trend identified by Dow theory is also giving same bearish bias because stock is forming lower highs and lower lows since last 22 months, which is aligned itself with same bearish bias. Trend indicator like MACD on monthly, weekly and daily these all are in sell modes and aligned with each others, which are indicating same bearish bias. As per Bollinger bands on all three time frames like monthly, weekly, and daily are also showing that stock is trading below 20 Monthly SMA, 20 Weekly SMA, and also 20 Daily SMA, which also indicates same bearish bias. On bigger picture possibly we are in last leg of correction which is to complete or finish very soon, Overall wave structure is suggesting on higher degree we had completed wave ((1)) and currently we are in correction phase almost near verge of end as a wave ((2)), post ((2)) we can start fresh impulse of bigger degree as a wave ((3)) which can cross highs of wave ((1)) so we can say that, currently we assume this stock as a bearish and after finishing wave ((2)) we should change our bias from bearish to bullish after confirming with price actions and other parameters also. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. All major parameters are shared below as snapshots must watch Thanks This stock is forming lower highs & lower lows since last two years which is clearly bearish trend Possible Elliot wave counts on daily time frame Monthly macd negative Weekly macd negative crossover Daily macd negative Price trading below 20MMA (monthly mid bollinger) Price trading below 20WMA (weekly mid bollinger) Price trading below 20DMA (daily mid bollinger) Possible wave counts on hourly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:SAILShort
by RK_Chaarts
3
SAIL steel author India possible Elliot wave countsTrend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session, price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can unfold wave C of wave Y of wave 2, then we can assume for target of 50 where wave C would be equal to wave A, fingers crossed, on the way upside 88 is an invalidation level for current view. Possible wave counts on daily chart Retraced 50% of recent fall Price closed below 20DMA with followed up Weekly upper band pressuring down, once it close below 20WMA then more bearish 20WMA is now crucial support level, once it breaks then more bearish MACD in daily negative crossover RSI in daily is down tick and below 50 RSI in hourly is below 40 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:SAILShort
by RK_Chaarts
15
SAIL The metal sector is cyclical in nature , most of the stocks have undergone 50%+ correction , SAIL has fallen from 150+ levels and made lows around 65 forming a wide base double bottom and nearing breakout levels of 87+ , the volume profile also shows the maximum accumulation around the 75 levels , with a fall in the US inflation and the cooling down of the DXY index , can we expect a further rally in the metal sector is something to be looked at, if the levels of 90 are crossed with high volumes the levels of 100-105-115 could be seen easily.
NSE:SAILLong
by gunechadeep
short term analysis of Sail Here 2 horizontal lines have been drawn(in red) as Targets 1st & 2nd for short term trading. For buying price a price range has been drawn as it is the best buy price for the shares. You can draw your support line according to your analysis. You can go for the shares of SAIL as it is trading on a near good price range and it will be a value added stock to your portfolio. Also, you can go check the fundamentals if you're looking for Long term investing.
NSE:SAILShort
by sarthakbaghel07