Simple Trade Setup | SAIL | 05-08-2021NSE:SAIL
Simple Trade Setup of SAIL for 05-08-2021
Chart and levels are easy to understand.
My personal view is bullish on SAIL. but trade with SL and don't hold the trade for long time. Take the profit even if it is a bit away from the target when the price is not giving much moment.
Do comment your doubt or suggestion.
All the best for trading.
Sailanalysis
SAIL: Another day, another Metal.NSE:SAIL keeping strong in these market volatility.
Can be considered for swing trade, if metal sectors continue to rally owing to the various global news coming in.
Good triangle breakout.
Good volumes consolidation in the stock after an uptrend, is ready to move again.
T: 140, 150
SL: 120 on a closing basis.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Late night Technical analysis talk - 15 STOCKS We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tomorrows video :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
SAIL Triangle breakout - Here is How one should set a good trade1) Some useful knowledge :
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side: the supply line diminishes to meet the demand.
Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them.
2) About the entry : So far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same.
During this period of indecision, the highs and the lows seem to come together at the point of the triangle with virtually no significant volume. Investors just don't know what position to take.
However, when the investors do figure out which way to take the issue, it heads north or south with big volume in comparison to that of the indecisive days and/or weeks leading up to the breakout. The breakout generally occurs in the direction of the existing trend. But, if you are looking for an entry point following a symmetrical triangle, jump into the fray at the breakout point.
3) LEVELS: STRONG close above 130 on 30min and sustaining there for another 30 min that will make a close of 1hr candle will give good momentum for the stock. Stop-loss can be set at 125.45 as it is a small swing low also will make the stock come back to the pattern, Targets of 140 should be eyed on
Late night Technical analysis talk - 20 Stocks in 20 minsTrading ideology and some important key points to rem : ( Have a good trading session guys )
Sail trade: let it break 1hr Trianglepattern to initiate a good buy by respecting risk and holding it if it converts into a winning trade
Tata steel: Gave a breakout on 25 June on D chart and retest on 2 July then broke the major hurdle of 1180 levels, on 1hr a good long trade can be initiated there
until and unless it is above 1230 levels it's bullish and might rally for higher levels, let it create a good pattern or structure above 1230 to make it tradable
Bajaj Auto: Breakout of symmetrical triangle pattern for downside on 8 July led the trigger of a great fall, now it is creating a channel pattern on 1hr that to a downtrend parallel channel
Just dial: after a super move in the north direction the stock is resting on a good trendline, lets see if it creates a bullish green bar on D chart here, that would be our trade activation
JYOTHI LABS : Big broadening pattern, inside it gave a wedge pattern bullish side breakout with 3% candle small risk and hige rewards achieved on this trade, now touched the upper side of the broadening pattern and consolidating there
on 1hr it is making a really nice tradable pattern, if broken a trade can be planned out and trade with proper risk management rules
Motheron sumi : Stock is sideways on D chart btw the levels of 230 and 245 but also making a good trendline on 1hr that if broken with a close above 245 can be a really good long for higher levels, let it break first then will trade our plan
TCS : Multiple times taking support from the one good supportive trendline, again the stock is there creating a fresh moment for upside, trade is already activated here on 1hr TF with 2% risk and 6% rewards
TechM : gave a breakout of a very big broadening pattern also strong on weekly charts too, one can create a trade here only but the risk is 5.5% so rewards can be 6% or above, trade as per :)
Bandhan bank : The banking sector is a weak sector for quite a while now and Bandhan bank is just following them, on 21 June it gave a good breakout with volume and power but again came back to the price of 300, seems quite bearish
Zeel is creating a good symmetrical triangle, I would wait for the stock to come to a supportive trendline and let it make a bullish candle there or create a pattern thereon 1hr to trade it for the next leg of the symmetrical triangle
GSPL: Quite bullish stock multiple breakouts and retest zones created in the video too make you understand its bullishness, also on 1hr it is making a handsome pattern to trade on if broken with a good bullish candle, one should go long as per there setup and risk system
USHAMART : provided analysis yesterday, just a follow up on the idea that it gave a good breakout in today's running market and created a small retest zone there only then a good rally of 7% from the buy point, also closed strong on the D chart
APOLLO : It has given a good breakout of 20% on 29 April, mostly untradale to a lot of people but a stock that must be in your wathc list :) as after that reversal 20% candle, it is now making a good paralle channel on D chart that it is following judisicously
PIIND : Gave a superb breakout on 6/7 april on 1hr and 1D both, a pattern also called as inverted HnS, very effective bullish pattern, now the stock has rallied almsot 40% after it and respecting a good supportive trendline, it has touched it but with a big red candle, let it make a small but bullish
candle on D cahart first, then we will trade our plan
Apollotyres : Creating a good symmetrical traignle on D chart lets see if it can break it then will trade our plan of breakout trading with proper risk system
ACC : Gave a good move after the trendline tested again and a monthly strong bar too can be seen in ACC keep in watchlist
HAL : a good pattern on D chart of triangle type broken some days back and now retested too, but the candle is not that bullish still a trade can be on 1hr, but let it make a good pattern and structure above 1050 levels
LNA on BoB, SAIL, BHARTIARTL, CONCOR, FACT, TVSMOTOR and MoreLNA stand for Late night analysis
Follow me on trading view: in.tradingview.com
We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tommorows video :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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 - Going to breakoutSAIL in 1hr time frame going to have a breakout, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
SAIL - Bull flag + Falling wedge + Volume expansionKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Falling wedge pattern
5. Flag & Pole formation
6. Support zone: 117-120
7. Target: 151, 169, 178, 192. Stop loss: 119
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.