Sail weekly chartThis week can be deciding factor for sail despite poor results Quarterly.
Trend reversal can be seen if holds the lower support live of the week.
SAIL trade ideas
Sail Bullish (17-01-2022)sail chart 1 hour time stock correction show triangle correction (A,B,C,D,E).
wave A = (A,B,C)
wave b =(A,B,C)
wave c =(A,B,C)
wave d =(A,B,C)
wave e = (A,B,C)
Triangles are a correction five-wave pattern (marked as A-B-C-D-E), which is divided into five types. This pattern is formed in a position prior to the final wave in an impulse or a correction. For example, a triangle could be formed in a wave four in an impulse or wave B in a zigzag.
Also, this pattern occurs in final wave X in a double/triple zigzag or three patterns.
Wave two of an impulse can’t be a triangle.
Waves A, B and C are usually zigzags, double zigzags, triple zigzags (that’s rare), double and triple threes.
Waves D and E could be triangles themselves.
Triangle’s classification
On the next picture, you can find all types of triangles (Horizontal, Barrier, Expanding, Running and Skewed). Let’s examine them one by one.
All types of triangles Elliott Wave analysis
Sail Weekly - Ready for Break outSail is ready for breakout if it breaks the trend line could be in a week.
Ready to break out in daily chart as well.
Break out trend above 108.
Good support from current budget for steel sector.
Other steel stocks like NMDC and tata steel broke out. Waiting for Sail to sail, current range has anchored in 100 range.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.
SAIL Ready to Break the trendSail is about to break the trend line in another days.
If it crosses 109 then there is a clear breakout confirm it will come out from the down trend.
For clear breakout expecting a long green candle with open and close above 109.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.
Sail Long opportunityNSE:SAIL
Stock - SAIL
TimeFrame - Monthly
Hello all!
Sail has been facing heavy resistance between 90 and 104 price band since May 2006. It finally broke that price band on April 2021 with a huge bullish candle and heavy volumes. It has now come back to retest the resistance-turned-support zone and has also formed a Flag and Pole pattern.
The Perfect entry would be after the flag breakout. The analysis would become invalid if the stock falls below the lower flag trendline
Do let me know your thoughts on this!
*NOT A CALL*
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.
follow me to get updates.
don't forget to like this post.
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
