SAIL On Daily Time-frame Structure was broken.
If SAIL hold at 105.00 level then we can see a push to the upside.
If SAIL broke 97.00 level we will be looking to sell.
SAIL trade ideas
More than just a swing trade opportunity #SAILSAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look.
It looks like SAIL is getting ready to resume its uptrend.
• There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level .
• We can draw two falling channels on the price chart (Marked as Falling channels 1 & 2 on the chart).
Price has broken above the inverse head and shoulder pattern, falling channel 1 and Strong resistance line.
A breakout above the other falling channel is pending.
For the uptrend to resume and to confirm that the correction has ended, the price has to just sustain the breakout and stay above the Strong resistance at 105. After which sail can go a long way.
Possibilities of breakout failure can not be ruled out, no matter how favorable the market conditions look. Sometimes the scenarios change instantly.
For Swing trade purposes:
Buy level – 108.5 (above falling channel upper line)
SL – 102 (below breakout candle low)
Target – 113, 123, 131
If SAIL starts its up move, it can go way above its previous ATH.
Reason?
• China produces around half of global steel and it’s dragging down the output by reducing production. Other large steel-producing nations including India saw an uptick in production and exports.
• Price hikes are most likely to be announced as coking coal prices are at elevated levels and expected to be there for a long time.
• Indian steel producers will have a better opportunity to increase exports due to the absence of Russia & Ukraine.
China increasing production is the biggest risk. But for the current scenarios, Indian steel manufacturers are in a sweet spot.
SAIL is more than just a swing trade opportunity.
I'm betting on the steel industry to grow all together and not just one stock.
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Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
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SAIL : short term analysisSteel authority of India has been in an uptrend recently with the metal sector making new highs overall. At present SAIL seems like its getting support from 38.2% fib retracement level and an trendline as shown in the chart.
Intraday Trade For 21-4-22Intraday Trade in Sail.
- Falling wedge pattern with major support.
- Divergence at lower timeframe indicates breakout.
- For safer side take the entry after Breakkout.
- Aggressive trader take trade at conversion point also as there is 2 confirmations(major support and Bullish divergence).
Thankyou.
BUY For Target 110 in Short TermCMP :101.9 - Best Price to Buy for Short trade Target 110, Reasons are, 101.55 is Fib 61.8 Level and Secondary trend Break out's retracement level and Minor Up trends Support level and Weekly Pivot's Support2 and above all long term support level.
Ready for huge upmoveSail is ready for huge uptrend in my view.
Retested the falling wedge pattern.
This is for learning purpose.
SAIL touches the target.please go through my last post of SAIL on 18 th April.
It touches the median line perfectly and bounces.
now next is Hindalco of course not publicly published here.
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Sail in buy trendIt breaks the multiday trend line and currently in exact retracement level good to go...
SAIL after spectacular rally from 84 to 112Likely to correct and touch the median line.
Some retracement expected.
I had recommended to buy 110 ce when it was crossing 100
That ce had touched from 1.6 to 6.
now it appears SAIL may correct a little bit.
Sail ready for big moveSail looks like it has given a good retest and is ready for the second move--good to trade once we see a supporting green candle
Weekly Breakout Weekly Breakout Of SAIL
Safer can take entry above 114 level for TGT of 150-170 IN SHORT TERM.
Swing tradingLooking for some big movement
Look the weekly and daily frame to see important level on the chart, above blue line on charts looks bullish
Bullish Flag PatternBullish Flag Pattern...Still not breakout but Wait for Monday to Wednesday...
I am not a professional, plz trade you're own risk..
Descending channel breakout in SAILChart -> SAIL Daily
We can see descending channel breakout.
CMP: 108
Targets: 123, 130, 143
SL: 97
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Sail. What to do with it?Sail had given breakout from it's parallel channel few days back. Today it tested the support. This gives a long opportunity in this scrip, but wait there is this weekly resistance line too. In coming day's it will try to test the weekly resistance again, and if it breaks out, you know the rule. A good long opportunity will come after this weekly resistance line is broken out, and then retested. That's when this scrip will have my blessings.
For explanation of breakout and retest look at the chart. This is charting behavior of scrip movement. Apply it on your trading journey/system.
Disclaimer: For educational purpose.
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intraday shorting opportunity in sailsail has came below it opening price with a minor down trend.small short positon can be intiated.for educational purposes only.
bullish view about sailthe stock has given breakout of the range it has been trading since many weeks and is now ready to pump. In weekly timeframe you can see the stock has given breakout with good volumes supporting , the stock will go for its ATH very sooner
“Rounding bottom” Breakout On the daily chart, the stock hasn witnessed a strong breakout from its “rounding bottom” pattern on a closing basis indicating short term trend reversal
The stock has recaptured its 20 and 50 day SMA and rebounded very sharply
Rising volumes near support zone implies increased accumulation at lower levels
The daily “band bollinger” buy signal reconfirm positive bias
The daily and weekly strength indicator RSI signals positive crossover indicate rising strength
The above analysis indicate upside of 118-124 levels.
Time period is 3 to 4 weeks.
A PSU Play in Metal is new GOLDSAIL - ENTRY ZONE - 110-111
SL Below 98
Target 131-151-211+
Disc. Not a trade recommendation
NSE:SAIL
Flag & Pole Pattern.. Educational Purpose only.Breakout of Flag & Pole Pattern on Daily Timeframe..
Expecting a good upmove in coming Days..
Keep On Watchlist..
