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STEEL AUTHORITY OF INDIA LTD.STEEL AUTHORITY OF INDIA LTD.STEEL AUTHORITY OF INDIA LTD.

STEEL AUTHORITY OF INDIA LTD.

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SAIL trade ideas

SAIL hovering around 14Y trendlineSAIL trading around the 14Y trendline. It may give a big breakout or a steady rise, It is also supported by a cup and handle pattern in Daily timeframe. overall it is bullish and looks very good for long term. Positive Signals: - Trading above monthly 200 MA - Trading over 14Y trendline - Cup & Handle formation supporting the bullish trend Short Term target is 135. Long Term Target is 290 which also includes multiple consolidation phase. Note; This is only for knowledge sharing and is my personal opinion and am not a registered analyst.
NSE:SAILLong
by kugan_vel
SAILWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:SAILLong
by Rvkachhadiya
[Turtle] Sail 100PEComment -> Sail is looking to go back in upper channel but there is not much upside in the upper channel apart from strong consolidation. Thats why selling PE Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:SAILLong
by Amit_Ghosh