Sail Breakout(Weekly)Sail weekly TF
Long only if it sustains 90 in the coming week
Short only if ascending triangle breakout from the downwards side.
SAIL trade ideas
SAIL above 20 and 200 dma.please go through my last posts o SAIL.
Now it is trading above 20,50,and 200 dma.20 dma earlier had crossed
50 dma. Any relaxation in China going to fuel commodity rally.
My targets of SAIL is going to be achieved it seems.
don't forget to like my post.
follow me to get updates.
SAIL strugging around 20 dma.of course it has closed positive on last Friday closing above it.
it appears it will jump from this congestion zone .
quarterly result performance is not affecting stock price for
example Bhel.
Though its quarterly result is not so good
It is having a spectacular rally.
SAIL and BHEL happen to be maharatna public sector enterprizes
of govt of India.
Looking for same type of rally from SAIL.
please go through my previous posts of SAIL
SAIL UPTREND POSSIBILITYSAIL chart analysis : for education purpose only
From fibbonacci tracement , seems it will be uptrend , and if it went uptrnd then the next estimated target is marked with arrow
1 Amazing trade and updating all previous trades for 24 Nov markI daily make educational content videos for financial markets
SAIL likely to take U turn.After lower than expected result it has gone abc flat correction.
which has corrected 61.8 percent of precedingng wave.
what a coincidence for SAIL.
Govt has withdrawl export duty cut for steel sector.
Though this will benefit jsw steel much but there will be increase in demand
for steel sector in domestic market.
SAIL should take U turn from this juncture,
probable target more than 90.
Let us see how it turns out.
Multiple breakout in SAILbreakout of resistance, trend line and 200 EMA can be seen with the support of volume. for entry wait for the price to cross above the breakout candle i.e. 87.35 with a target of 94 and SL below 83.5
SAIL steel author India possible Elliot wave countsTrend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session,
price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can unfold wave C of wave Y of wave 2, then we can assume for target of 50 where wave C would be equal to wave A, fingers crossed, on the way upside 88 is an invalidation level for current view.
Possible wave counts on daily chart
Retraced 50% of recent fall
Price closed below 20DMA with followed up
Weekly upper band pressuring down, once it close below 20WMA then more bearish
20WMA is now crucial support level, once it breaks then more bearish
MACD in daily negative crossover
RSI in daily is down tick and below 50
RSI in hourly is below 40
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Multiple breakouts in SAILWedge, Pennant, Above supply zone, crossed weekly resistance, Good Volumes backed by excellent result
SAIL buy above 87.75 for easy Rs.10 move
Trade for educational purpose
🙏 🙏 🙏
Price Action Chart Of Steel Authority Of India #SAILSteel Authority of India is struggling to close above 86 which is a strong horizontal resistance, only sustaining above 86 will open the gates for 98 and 112.
CMP 86
TP1 98
TP2 112
#SAIL
SAILSAIL:- formed cup and handle pattern and also breakout the resistance and retest also confirm
buy at current level... buy for short term target....
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SAIL 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 index , can we expect a further rally in the metal sector is something to be looked at, if the levels of 90 are crossed with high volumes the levels of 100-105-115 could be seen easily.
short term analysis of Sail Here 2 horizontal lines have been drawn(in red) as Targets 1st & 2nd for short term trading. For buying price a price range has been drawn as it is the best buy price for the shares. You can draw your support line according to your analysis. You can go for the shares of SAIL as it is trading on a near good price range and it will be a value added stock to your portfolio. Also, you can go check the fundamentals if you're looking for Long term investing.
SAIL > SAIL
> Forming ascending triangle pattern
> Keep an eye
> Can go long after the breakout
> Tgt - 100 ,110 ++
SAIL #Watchlist
#SAIL (D):-CMP 86.9 Looks Good Above 87 for Target 90/100++, 82 below closed (View Invalid) :)
#Disclaimer:-View shared is for educational purposes only.
Sail stock opportunity of swing trade Metal Sector Is Strong Sail Stock Brekout for long ( For Educational Purpose )
SAIL result may not be robust but some rally ahead,SAIL has been declining after its favulous rally.
its third wasve was extended and fourth was was truncated almost equal to 1 st wave.
there after it has been correcting completing wxy
and attempting to break out of the weekly channel line..
Cooling down of dxy is favouring metal sector.
But remember among steel sector stocks SAIL is the weakest.
So for short term it can be bought.
please view my recently publised charts and others which have been
attached here with.
Don't forget to like my post.
follow me to get updates
SAILSAIL
C&H Formation on Weekly Basis.
Price BreakOut Confirmation Needed.
6% Upside to cross Monthly Price Trendline
Vol. Consolidation/ BuiltUp to Be Watched.
Strict Stoploss to be Adhered.
Do Your Own Research as well!!!
Happy Investing:)
sailpossible price path of the script is shown in the chart . Preserving capital is the first and foremost important target of any trader.
SAIL- Short Term :Bears Counter attackSAIL- Short Term :Bears Counter attack , down trend as long as it sustains below 83 on closing basis. Potential targets - 71
