SAIL trade ideas
SAIL -DISJOINT CHANNELNSE:SAIL create symmetrical triangle. if its bullish follow trailing sl till 100. There will be pull back in 100.
SAIL ready for a bounce.It appears SAIL ready for a bounce.
though its impulsiveness yet to be proved
at least we can get three wave bounce from here.
if it bounces in five wave we can be sure of its uptrend.
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SAILi love tradng with conflunce
1. pattern breakout
2. RSI divergence
3. volume increased
4.above EMA
5.a good bounce from Support area
SAIL - Flag And Pole #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.
sail possible movementas rsi looking oversold and divergence seen on chart we may see bounce back in sail
Elliot Wave View: NSE SAIL (Short)January 27, 2022 NSE:SAIL by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of SAIL Cash NSE.
2D Time Frame, Elliot wave analysis of SAIL suggests that the price could even drop form the current level, Next Support is @ 85.75 to 70.25 odd levels (61.8% Fib), SAIL has taken a very complex elliot wave corrective structure (3-3-5).
Steel Authority of India Limited is a government owned steel producer based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 68,452 Crore for fiscal year 2020–21. Incorporated on 24 January 1973, SAIL has 63,433 employees.
SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. As a part of its global ambition, the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with emphasis on state of the art green technology. According to a recent survey, SAIL is one of India's fastest growing Public Sector Units. Besides, it has R&D Centre for Iron & Steel (RDCIS), Centre for Engineering in Ranchi, Jharkhand
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Hammer Candle !!The stock creates hammer pattern at the end of support and trend line. Need bullish strong move.
For more details look at the chart !
This is only for educational purpose, Do your own analyze before trade
GO long if it sustains bottom trend lineAs 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
SAIL ready for another bull movewe have to wait for the triangle breakout and once the breakout has closed above the b wave in the triangle then it will be a conservative entry.... even if it break down we can accumulate in 100 zone and it will be a good supply zone. then we c expect a bounce back .
disclaimer: i'm not a SEBI advisor I share my knowledge for education purpose. before taking trades kindly consult your financial advisors.
SAIL: Nearing end of WXY correctionSince Mid August we are seeing price moving in corrective manner,there by forming WXY double correction.So far it seems like each correction took following forms.
wave W:Regular Flat
wave X:Zigzag
wave Y:Regular Flat
Current wave Count:
Scenario:1
Wave y,sub wave c,sub wave 4(triangle wave E),going ahead we can see wave 5 unfolding on the downside but we won't see much price deterioration,hence one can start accumulating with wave 3 low 99 as a stop-loss and wave x high 132 as initial target which can be followed by it's prior pivot high of 142.
Scenario:2
We might have completed wave y and currently we are either in wave X or wave 1 or wave A and as per this count also we can expect up move in the stock in the form of wave C or wave 3 taking price to previous pivot high of 132.
PS:Personally favoring scenario 1
Disclaimer:This are my personal views on the stock no position should be build or exited on its basis.I am posting this just for my future reference
SAIL Good for ShortTerm - Good Reversal SAIL Good for ShortTerm - Educational purpose only - Expecting Target - 120
SAIL long trade plan for a positional sail tested its a WIT
buy @ cmp 101.95 or at lower price if get a chance to enter 2marow
with a stop loss @ 98.70 for tgt of 108 and above
and trade valid for only for 1 week .
SAIL at very strong supportVery strong support and resistance from 2018 should act as support
101-102 seems strong level to buy or
one can plan entry on closing basis above trendline
for the new high target.
Cut losses if closed below 99
Please follow proper risk management.
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position
cup and handle pattern formation17/1/22
sail
CUP AND HANDLE FORMATION
Cup and Handle Formed on a Weekly time Frame
CMP@107.65 The Targets will be @125/142/150/174/194
Sail - BullishLooks good to buy abv 109
Inside bar with VCP
Accumulation is on
Tgts of 116 to 124 are visible
Sl below 104
SAIL- Steel Authority of India forming pole and flag patternSAIL forming pole and flag pattern on daily time frame, currently target could be around 150ish
Note: This is only for educational purpose
Sail for long term investmentWith sail in long term view can see a fall inside a channel , now the price is at resistance level...
In short term view it fall inside clear downtrend channel....
If it follow the pattern of its past I expect it to touch its support level at around 20-30rs in 2024 which might be a better time to accumulate this stock...
Its just my view on this stock..
Do your own research before investing
