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Saillong

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
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 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 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
SAIL LongSail is on a steady up move and has given a significant break out on the daily charts. Setup looks good for positional long. Intraday charts show higher low formation Entry CMP Target 82-93 SL 70 Market has a bullish bias given the consolidation and good inflation data from US ------------------------------------------- Standard Disclaimer Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities are not suitable for all investors. The information presented in this educational material is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in this course constitutes legal, accounting or tax advice, or individually tailored investment advice. WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE. WE ARE NOT SEBI REGISTERED. *SEBI Mandatory Guidelines* *Channel Disclaimer/ disclosure* No tips No advice No recommendation No PMS advisory This channel do not provide any tips/recommendations/advice All updates/posts/discussions are only for education and learning purpose. Do Consult your financial advisor before taking trading or investing decisions Group Admin or Members not responsible for any financial losses Disclaimer/disclosure/terms and conditions applicable to all members of this channel All rights are reserved
NSE:SAILLong
by daerontrading
SAIL Analysis !!📈 SAIL 📉 Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis. On Buy Side I am looking for Targets of 114, 129 followed 143. StopLoss should be kept at 93. It offers 1:4 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:SAILLong
by ShelendrAgrawal
SAILSAIL has marked oct top as X and then an ending diagonal, which should now be complete as prices have come back inside the wedge, wave E of wave Y is a shortest in the pattern even as it is a 'Under throw' below lower line, we can say like a fake breakdown, Now macd in hourly has turned positive along with macd in daily is converging towards north, also one trendline is broken on chart with good intensity of volume. it looks good to go long. breakout with good intensity of volume support from support area macd in daily is converging towards north macd in hourly positive rsi in daily is uptick near 46 rsi in hourly above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
NSE:SAILLong
by RK_Chaarts
16