From the highs of 150 stock has given a corrective fall as ABC three wave correction with c as an ending diagonal. One should go long near current level keeping SL of 93 & look for the target of 117/125/130.
#SAIL
Buy-Above 100
Sl-90
T- 110 115 130+
RR is good here. The stock is in the formation of Flag And Pole. We have tried to enter at lower support levels.
As 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
🔴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...
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...
Sail 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...
SAIL
Sell at 107.70
TARGET buy 106.70
SL 108
i am not a professional trader and this is not a recommandation. this is for study purpose..
if i am wrong in this analysis then please let me know....
thanks in advance
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.
...
Weakly 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
NSE: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...
SAIL
Buy - Above 123
Sl - 120 (Closing Basis)
Target - 135 145 160
Duration - 4-6 Weeks
We Have Entered SAIL @ 123 And Booked 18%. Now again came to our Level.
NSE:SAIL
Simple Trade Setup for SAIL for 09-08-2021 date.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
Always Trade with SL.
NSE: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.
