GO long if it sustains bottom trend lineAs you can see Sail had been taking support several times at the bottom trend line, and whenever it touches it and closed with a green candle it rally near about 25% before any major correction. So go long if its in near this trend line as this is a beautiful company and chart is in favour
Saillong
METAL INDEX: BullishMETAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also about to turn, but there is a possibility of one more low
SAIL - Looking good for Swing Trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
SAIL TRYING BREAKOUT FOR A RALLY?SAIL has shown bullish signs by rising above the breakout level. The XABCD bearish crab pattern gives us the targets mentioned on the chart.
The volumes were higher than the previous sessions also. However, wait for a pullback or add partial quantity and add further if the rally starts.
The breakout and stop loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
SAILSail is in recovery stages, looking for clearer sign of strength, we broke out of falling channel and now have overlapping impulse waves, could be a leading diagonal, if yes we can start projecting higher. all indicators are also suggesting same direction, one can go long at these levels or in dips ( if any ) with mentioned key levels on chart.
Wave Structure could be like this
Breakout with good intensity of volume
weekly macd
Daily macd
Rsi in daily above 60
Dmi adx also positive
Bbc
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Simple Trade Setup | SAIL | 16-09-2021 NSE:SAIL
Observations:
1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level.
Please refer below chart : Daily time frame.
2) On daily time frame: It has been respecting the support zone and keep on taking support from it. Support Zone if from 118.55 to 120 level.
Please refer below chart : Daily time frame.
3) On 1hr time frame it has been trading between 118.60 to 123.75 level since more than 7 days. Breakout of any level will give move on respective side.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 16-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
SAIL SwingTrading and Long termWeakly chart Consolidation
LONG term 1x, 2x return.
Strong on the Metal sector.
Long term target 1 - 240
Swing trading
Target 1 - 128
Target 2- 140-145
Target 3 - 150
From here it can break strongly because of hitting resistance 3 times in a swing.
If SAIL falls from here accumulate shares at a lower prices at 110 and 100rs
Simple Trade Setup | SAIL | 16-08-2021NSE:SAIL
On daily time frame it has taken support from 50DMA range on 11 Aug and 13 Aug.
And on 13 Aug, it closed above 21DMA and 50DMA. This is a sign of reversal is coming in trend.
Please refer below chart.
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And If you see, since Novemebr 2020 it has traded below 50DMA for very less time and 50DMA range is working as good support level and reversal.
It could be good positional trade if it closes above 136. Positional Buy Trade Target will be 150.
So from Daily time frame we can see there might be the chance of reversal of the trend.
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Simple Trade Setup | 16-08-2021
On 15min time frame it made a rounding bottom pattern. If it breakout this pattern succefully then we can see uptrend in this stock.
Indicator to use.
1) RSI (14)
2) 50MA
3) 21MA
Time Frame: 15min (in general) and 5min(during the trading to check the price action once it breaks the levels).
Things to observe and Action to take.
1) Avoid trading for initial 15-20 min and let it get settled. Don't jump in to trade even if it is moving quick up or down.
2) If it opens above 135 and trade above 135 and takes support from 135 then need to check RSI if it really breaks that trendline on RSI and stays above it. Then 135 level will be the entry for buy Trade with quick target of 137.
3) If it opens above 135 and breakdown 135 level then wait till it goes to 50MA on 15min time frame and from 50MA it takes support from but then it faces resistance from 135 level and at the same time if RSI is facing resistance from that trendline then it will be confirm short trade with SL of 136.50.
But if it breakout 135 level and RSI is above that trendline then it will be confirm buy trade with SL of 133.50. All the marked levels will work as target.
4) If it opens between 133-135 then breakout of either side will give quick trade and in that RSI has to breakout that trendline for buy trade or RSI has to break down that trendline for short trade.
5) Safe Buy trade entry will be breakout of 137 level.
6) Safe sell trade entry will be breakdown of 133 level with 50MA on 15min time frame.
Hope I made it simple to understand it. Chart and levels are easy to understand.
Comment your doubt or suggestion.
All the best for next week.
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.
SAIL - Pennant pattern breakout + Hidden Bullish DivergenceSteel Authority of India Limited - Pennant pattern breakout + Hidden Bullish Divergence
Stoploss below the upper trendline
Target 1 @ 152, which is a key level
Target 2 @ 170, which is a key level
Target 3 @ 190, which is the price projection
Target 4 @ 205 which is a key level
Note: It has made a breakout last day and the price came back to the trendline resulting in a retrace, Trade based on tomorrow's price action.