SAIL#SAIL - Following the character change on December 12th, the stock has consolidated on low volume. It's now poised to resume its upward trajectory. Refer to the chart for Stop Loss and target levels.
SAIL trade ideas
A rally to exitSAIL CMP 120.65
Fib - the stock has halted at Fib and trendline support. In my view the 131 zone is the minimum retracement above that it will go to 144 and that will be the best exit.
RSI - the oscillator reversing from the bull zone is confirming a sharp rally.
STEEL AUTHORITY OF INDIA ATH SOON!
The Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises.
SAIL's stock has been performing well recently, gaining for the fifth consecutive session. The stock is currently quoted at ₹127.8, up 0.78% on the day
SAIL has declared an equity dividend amounting to ₹2.00 per share in the past 12 months. At the current share price of ₹126.13, the dividend yield is approximately 1.58%
Also, check out past posts about NSE:IOC And NSE:NCC subject to the same analysis and pattern followed by a breakout and reversal towards All Time High rocket.
steel authority of indiasteel authority of India
ww + Pattern
weekly Breakout
Fibonacci levels
posted in Chart
Sl Recent Low Tar wolfie Waves Pattern Tar
SAIL 1 D chartLooks Bullish
Double Bottom completed
Trendline breakout given
Resistance broken
Volume looks good
SAIL - Monthly AnalysisIn the Monthly Chart of SAIL ,
we can see that; after very big Cup & Handle breakout and failure, it took Support of 110 levels.
It has shown a W shape recovery from 110 levels.
Let it retest or create a Halt candle and then enter with SL and Targets.
Expected momentum is shown in chart.
Selected SAIL for Intraday
In this analysis of SAIL, we observe a potential bullish setup for intraday
Trigger Level: If the price breaks marked level, it may indicate further upside movement.
Target: Adjust based on price action dynamics.
⚠️ Disclaimer:
This analysis is for educational purposes only and is not a trading or investment recommendation. Please do your own research and consult a financial advisor before making any decisions.
Potential Bullish Setup for Steel Authority of India (SAIL)Chart Structure:
The stock is moving within a well-defined ascending channel, connecting Common Bottoms and Common Tops over the long term. Currently, the price is bouncing off the lower boundary of this channel, signifying a strong support level.
Key Observations:
Doji Candle Formation at support indicates a potential reversal signal. This aligns with the S&R Flip zone , where prior resistance has now become strong support.
The overall trend remains bullish, as highlighted by the steady uptrends after each Time Correction phase . This suggests continuation towards the upper end of the channel.
The immediate resistance lies near ₹140 , with the Supply Zone observed around ₹220-₹240.
Trade Plan:
Entry : Around current levels near ₹115-₹118, as the price holds the channel support.
Target 1 : ₹140 (near-term resistance).
Target 2 : ₹190-₹200 (upper channel boundary).
Stop Loss : Below ₹108 (break of channel support and S&R Flip level).
Risk-Reward Ratio: The setup offers an attractive risk-to-reward ratio of approximately 1:3, making it favorable for swing trading.
Caution : A sustained breakdown below ₹108 may invalidate this bullish scenario.
#SteelAuthorityOfIndia #SAIL #SwingTrading #TechnicalAnalysis #PSU
#SAIL - Potential Reversal#SAIL - Potential Reversal
Key Observations:
Price bounced off supply-turned-demand zone (support)
Strong volume on reversal candle
Bullish implication: Buyers absorbing selling pressure
SAIL for level 144.15
SAIL - CMP 117.75
RSI : 37.86
Below 50 EMA
Target 144.15
This stock is taking support from this level and showing strong upward moves as shown in the technical chart for your reference as RSI also confirms this but in the recent bearish move in market this is below 50 EMA.
SAIL BuySail has been correcting 50-70% after giving a big move. Now it has corrected almost 33% from ATH. It may bee added for a target of 200 in a year.
SAIL Bullish setup for 1:4 risk reward Metal sector is near reversal, it has retested breakout level of 9493.
SAIL Also retested the breakout and made reversal with strong volume candle.
SWING TRADE
Buy SAIL
Above 131
Stop Loss: 125
Target 1 (1:2) 142
Target 2 (1:3) 148
Target 3 (1:4) 153
Duration 3-4 months
Trade as per your risk-taking capacity
SAIL bounce from here.SAIL likely to bounce from here.
Strengthening of dollar index and no clarity of stimulus
package from China has caused downtrend of ferrous metals.
Now SAIL has corrected from recent high of 144.
Technically it seems poised for a bounce from here.
This is my study not any recommendation for buying and selling.
If this study helps you like this post.
follow me to get updates.
SAIL is nearing its Buying zone for Long Term Investment1. SAIL is looking good for Investment
2. Best buying zone around 105-100rs
3. RRR is looking good
4. Strong support at around 80rs
BearishBe careful as it's following all those steps it took to be where it is now. Feels like bearish move will still continue. Be cautious.
Cup and Handle pattern in SAIL?It's simple - If SAIL breaks above the red line then we might see it rise to 230+ level in few months.
Keep a completely open mind until then and assume NOTHING.
Bullish Penant Pattern"The stock has been respecting a descending trendline but is now showing strength, with a potential breakout above the resistance zone. If the price holds above this trendline and breaks through the entry level marked on the chart, it could signal a bullish move. Watch for confirmation of the breakout and maintain caution if it reverses near key support."
SAIL 04-10-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) strong support trendline and support area are near. good bounce will/may happen at support.
2) very good stock to add in portfolio for long term.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
SAIL is showing strong potential after breaking out#SAIL
SAIL is showing strong potential after breaking out from its falling trendline
resistance, signaling the start of a solid upside move. With this breakout, both
investors and positional traders should focus on the metal sector, as SAIL
presents a promising opportunity. Don't miss out on this stock for further upside momentum.
SAIL 1DSwing Trading Setup for SAIL
1. Support and Resistance Zones:
Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image).
Resistance Levels:
₹144 (nearest resistance where the price is reacting now).
₹155 (next major resistance level).
₹176 (long-term resistance).
2. Current Price Action:
The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area.
3. Setup Logic:
Entry:
Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance.
If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering.
Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation.
Stop Loss:
For a pullback entry, place the stop loss below ₹136 to give the trade some room.
For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142)
Take Profit:
The first target can be set at the ₹155 resistance.
The second target could be ₹174-₹176 for a longer-term swing.
Risk-to-Reward:
Ensure at least a 1:2 or 1:3 risk-to-reward ratio.
If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R
of 1:18).
4. Additional Confirmation:
Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions.
Volume spike during the breakout or at the support level will add confirmation to the setup.
Summary:
Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout.
Stop Loss: ₹136 (for pullback), ₹142 (for breakout).
Targets: ₹155 and ₹174-₹176.
Risk Management: Use at least a 1:2 risk-to-reward ratio.
*SAIL cmp 143.00 by Monthly Chart views**SAIL cmp 143.00 by Monthly Chart views*
- 150 to 160 Resistance Zone Price Band
- Weekly basis Support at 124 > 105 > 83 with Resistance at 160 > 181 > 200
- *Cup and Handle and/or Double Rounding Bottoms as one may read and interpret*
- *Volumes decreasing month on month indicative of the strongly effective retracement from Resistance Zone*
trendline breakout SAIL Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in.
A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀
Here’s the lowdown:
What’s a Trendline?
A trendline is a diagonal line drawn on a price chart to represent the trend. When the price is rising, we connect the rising swing lows with an upward-sloping trendline. Conversely, when the price is falling, we link the descending swing highs with a downward-sloping trendline. And when the market is just chillin’ sideways, the trendline is more horizontal, indicating a range-bound market. 📉📈
Breakout Magic:
Picture this: You’ve got your trendline, and suddenly, the price bursts through it like a kid breaking free from a game of Red Rover. That’s a trendline breakout! It signals a potential shift in market sentiment. 🎉
When a breakout happens, traders pay attention. It could mean a new trend is forming, and they might want to hop on board or adjust their existing positions. 🚢
Confirmation Matters:
Now, we’re not just relying on trendlines alone. Smart traders look for confirmation. Is the breakout accompanied by increased trading volume? Are other technical indicators (like moving averages or oscillators) giving a nod of approval? 🕵️♂️
If the stars align, it’s go time! 🌟
Strategies Galore:
There’s no shortage of ways to play trendline breakouts:
Breakout Trading: When the price breaks above or below a trendline, you can enter a trade in the direction of the breakout. 📊
Price Bounces: Sometimes, the price retreats to the trendline after a breakout. If it bounces off that line like a rubber ball, traders might see it as a buying or selling opportunity. 🎾
Reversals: Trendline breakouts can also signal trend reversals. Imagine the trend doing a graceful pirouette. 🩰
TD Line Breakout (Fancy Stuff):
Ever heard of the TD Line? It’s like the James Bond of trendlines. To create a TD trendline breakout, you connect recent pivot highs (those surrounded by 1, 2, or 3 lower highs) to the next pivot high with a similar setup. It’s all about consistency! 🕶️
Backtesting and Beyond:
Traders love to backtest their strategies. They’ll look at historical data to see how trendline breakouts performed. It’s like checking if your crystal ball was accurate in the past. 🔮
So, my trend-savvy friend, keep an eye on those trendlines. They’re like the secret whispers of the market, revealing its intentions. And remember, even if you’re not a trader, you can still impress your friends at parties with your newfound trendline knowledge! 🎩✨
