Sail has been consolidating for a while. Taken support near 140 and waiting for triangle breakout. Can reach all time high if markets support..! maintain risk reward and follow strict stoploss..!
Date : 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...
Details:
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...
Stock was in consolidation phase for 10+ years .....
Now it's bottomed out and ready to breakout anytime and also future data shows that accumulation taking place....
Keep in watch...
NSE:SAIL Weekly Analysis for long duration
Wait for strong Breakout and sustain above 87
Trendline breakout is important
If gave clear breakout and sustained with LH LH structure can go for long with SL of 70
T1 100, T2 120, T3 140
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 &...
SAIL Breakout Today @88.70 on Daily and Weekly Chart.
SAIL creating upside channel from May 2023, today if closes above @88.70 then it should be potential breakout.
In Daily charts 50 EMA (Yellow) cross over 200 EMA (White) as well.
SAIL Data Point:
Breakout Level: @88.70
1st Target Level: @93.00
Stoploss Level: @86.00
If SAIL sustain above 1st Target then go...
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...
Sail 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
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Standard Disclaimer
Trading stocks,...
📈 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...
SAIl is being sacked due to rising Coal prices, now that Govt is ensuring adequate coal supplies through imports and indigenous sources. SAIL price can rebound higher to 95 / 100. Keep stoploss of 85
SAIL has been forming descending channels for more than 47 weeks . It has accomplished corrective structure((4)) at 61.8% of wave ((3)).
Wave ((4)) is a double combination pattern. After creating a low of 84.35, the price started marching upward.
If the price breaks out of the corrective channel, traders can trade for the following levels: 123 - 143 - 162+
Reasons to buy NSE:SAIL :
1. About to break long term trend .
2. Small divergence seen on RSI
3. Reverse Head and Shoulder seen in RSI
4. Bullish Marubozu candle without wicks indicates bullish coming weeks .
Need to hold it for Long time as the tf here is 1 DAY.
