Hi friends, mates and Trading community so here i am sharing a bullish breakout in the share price of steel authority of India on monthly timeframe and in trading we all know that the bigger the timeframe, the bigger the targets will be. So yesterday was a monthly close day and the share price gives a bullish breakout above three years old horizontal resistance...
Apr 23 DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2...
NSE:SAIL has reached an important sell zone of 177/170 at the half yearly time frame with fresh buy zone created at 166/160 levels, if sail manages to break above 177 and give a daily closing and opening above 177 then we can see more upside in coming days but before that we may see a small correction till 166/160 zone before countinuing the upside trend. if we...
Multi year breakout pattern formed in monthly as well as in daily chart pattern. Stock is ready to move. Join me now to make your knowledge sharp.
SAIL is breaking resistance which it has tested in last couple of days. SAIL should be bought at 151.5rs. For the TGT of 180rs. SAIL is an government company so there is no fear of financials as such now. If it fall from this level we can still average at 135rs.
sail daily chart looking good this is only for knowledge purpose
Strong Supporting Data and Price Action has increased chances of Breakout this time.
Steel authority of india ltd analyasis on 28 apr 24 Fundametly Strong stock promoter holding 65% ' FII holding 3.18 rounding bottom formation add some quantity buying range 140 to 150 keep stoploss 111 target 160 - 170 - 190 -200 -220 rounding bottom target 225
Raising RS on Weekly and Daily 50DC break along with RS line Breakout can bring Amazing Momentum SL 143 1st Tgt 159.7
SAIL is on the verge of giving big monthly breakout from trendline. It is one of the few PSU stocks which have not shown rally in past couple of years. We can expect huge upside in this stock given the improved profitability and efficiency of the company. Definitely a must have stock in portfolio if interested to invest in metal sector. However, metal sector is...
SAIL Long Term chart looks interesting. Breaking out of a long term channel supported by momentum, supported by relative strength and supported by volumes. Likely to move towards 2008 highs which presents a good upside opportunity from here. Watching closely. PS: Now I don't quite understand Elliot wave in detail, but try and lookout for whatever could to be 3rd...
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...
- inverted head and shoulder break out at weekly chart - buy volume also increased this analysis is for learning purpose only. It is just a view, please trade at your own risk. I'm not SEBI registered adviser
cup with handle formation found at weekly chart. if it sustains above pivot r1 (140) it may go up further this analysis is for learning purpose only. It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
As we know from recent correction of the market all stocks corrected almost 20%. due to financial year closing most of holding of Goverment stocks has been sold by investors and now they are showing intrest in Goverment stocks ahead of election for gains. Trend for SAIL is bullish and as per chart patters stocks recently take a support from is major trend line so...
Breakout after good consolidation Above 200ema With good volumes
looks like sail is forming j-hook pattern on both weekly and monthly, also did a breakout, more chances to test the following resistances Target 1: 113 Target2: 128 Target3: 163