SAIL trade ideas
trendline breakout SAIL Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in.
A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀
Here’s the lowdown:
What’s a Trendline?
A trendline is a diagonal line drawn on a price chart to represent the trend. When the price is rising, we connect the rising swing lows with an upward-sloping trendline. Conversely, when the price is falling, we link the descending swing highs with a downward-sloping trendline. And when the market is just chillin’ sideways, the trendline is more horizontal, indicating a range-bound market. 📉📈
Breakout Magic:
Picture this: You’ve got your trendline, and suddenly, the price bursts through it like a kid breaking free from a game of Red Rover. That’s a trendline breakout! It signals a potential shift in market sentiment. 🎉
When a breakout happens, traders pay attention. It could mean a new trend is forming, and they might want to hop on board or adjust their existing positions. 🚢
Confirmation Matters:
Now, we’re not just relying on trendlines alone. Smart traders look for confirmation. Is the breakout accompanied by increased trading volume? Are other technical indicators (like moving averages or oscillators) giving a nod of approval? 🕵️♂️
If the stars align, it’s go time! 🌟
Strategies Galore:
There’s no shortage of ways to play trendline breakouts:
Breakout Trading: When the price breaks above or below a trendline, you can enter a trade in the direction of the breakout. 📊
Price Bounces: Sometimes, the price retreats to the trendline after a breakout. If it bounces off that line like a rubber ball, traders might see it as a buying or selling opportunity. 🎾
Reversals: Trendline breakouts can also signal trend reversals. Imagine the trend doing a graceful pirouette. 🩰
TD Line Breakout (Fancy Stuff):
Ever heard of the TD Line? It’s like the James Bond of trendlines. To create a TD trendline breakout, you connect recent pivot highs (those surrounded by 1, 2, or 3 lower highs) to the next pivot high with a similar setup. It’s all about consistency! 🕶️
Backtesting and Beyond:
Traders love to backtest their strategies. They’ll look at historical data to see how trendline breakouts performed. It’s like checking if your crystal ball was accurate in the past. 🔮
So, my trend-savvy friend, keep an eye on those trendlines. They’re like the secret whispers of the market, revealing its intentions. And remember, even if you’re not a trader, you can still impress your friends at parties with your newfound trendline knowledge! 🎩✨
Verge of Breaking Falling Channel Closing above 100 EMANSE:SAIL is on the Verge of Closing above the Falling Channel; today it closed above Key Levels and with Good Volumes and it was able to close above 100 EMA. If it closes above the falling Channel and 156 Key Level Further Upside, it may go back to the accumulation zone if it fails.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Short turm No recommend for buy or sell
Stock may be give Golden cross
130 is major support
Commodity are performing 🎭 🙌 😳 😍 💙
Commodity stock at trend
SAIL // Level // 4H"Welcome to SkyTradingZone "
Hello Everyone 👋
SAIL Level 4H Challenge:
Task: Complete a complex, high-stakes task within a 4-hour timeframe that requires advanced problem-solving, critical thinking, and strategic planning skills.
Tasks may include:
Developing a comprehensive business plan or strategy
Solving complex puzzles or brain teasers
Resolving a high-pressure crisis or emergency situation
Completing a series of challenging logic or reasoning exercises
Tips to succeed in the SAIL Level 4H Challenge:
Stay focused and composed: With 4 hours to complete the task, it's essential to stay focused and composed under pressure.
Break down the task: Divide the task into smaller, manageable chunks to help you stay organized and on track.
Practice time management: The time constraint is crucial in this challenge. Practice managing your time effectively to stay on track.
Think critically: The SAIL Level 4H Challenge requires advanced problem-solving and critical thinking skills. Take your time to analyze the situation and develop a plan.
#SAIL Support and resistance levels#SAIL
Current Price: ₹132.20Trend: Sideways (with a bullish reversal potential)Chart Pattern: Double Bottom forming around ₹125Resistance Levels: ₹135, ₹140, and ₹155Support Level: ₹125Volume: Moderate, with an uptick in recent sessions, indicating potential accumulation Recommendation: Buy in the ₹130-₹132.50 range, targeting ₹140-₹145 in the shortterm and ₹155+ in the mid-term. Stop loss below ₹125.
Metals stocks have bottomedIf the mkt has indeed discounted the Fed outcome then, this stock is a good buy at CMP of 132. Previous high support. Along with Fib confluence support.
SAIL MULTIYEAR BREAKOUT.Buy at cmp 133.
Add till 120.
Target double+.
Stoploss 118 closing basis.
Holding period 12-15 months.
steel authority of india ltdsteel authority of India ltd
Monthly Chart
SAIL from bottom 0 Fibo to 0.786 touch high 169
from 169 (0.786 fibo to 0.50 fibo ) low 125 rs
next upside move Starts from 0.50 Fibo levels to 1.618 Fibo levels
CMP sail 130 SL 115 TAR 147, 169, 197, 248, 279 ( Long Term Chart )
Sali to 100%SAIL : Long-term gem just broke its line, took a step back, and now ready to soar! Aiming for double from where we are. Let's ride the wave! 🚢📈
🚨DYOR
🚨SL must, it depend's on your risk appetite
SAIL (Steel Authority of India Ltd.) @ 130.60Sector: Iron & Steel
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
Promoters holding remains unchanged at 65.00% in Jun 2024 qtr
52 Week High 175.35
52 Week Low 81.80
All Time High 293
All Time Low 3.95
Book Value Per Share 138.24
Dividend Yield: 1.53
Sector PE 30.24
Face Value 10
Beta 2.33
Mkt Cap (Rs. Cr.) 53,944
RESISTANCE: 293
SUPPORTS: 81/63/19
UPSIDE CAN BE:
MIN TARGETS: 188, 213, 234
NORMAL TARGETS: 260-75, 325-369, 406-426-457
EXTENSIONS: 538, 619, 863
Steel Authority of India Ltd. @ 125.23Sector: Iron & Steel
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
Promoters holding remains unchanged at 65.00% in Jun 2024 qtr
52 Week High 175.35
52 Week Low 80.45
All Time High 293
All Time Low 3.95
Book Value Per Share 131.25
Dividend Yield: 1.60
Sector PE 30.20
Face Value 10
Beta 2.34
Mkt Cap (Rs. Cr.) 51,726
Supports: 116/77
Upside can be: 194-225, 275-325, 400-460
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
SAIL LOW RISK AND HIGH REWARD VIEWThis is stock is already formed the cup & handle formation and waiting for break out.
this cup and handle have been formed by 14 years of consolidation.
stock is falling from the counter trend line any time it may become get reversal.
refer fib retracement level while considering this stock
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
SAIL Showing Tail pattern can get 5-10% movement in a week. SAIL as part of last week fall has shown a Kangaroo Tail and can give 5 - 10 percent value in short term.
SAILThe chart is self-explanatory and is shared for educational purposes. The SAIL stock has formed a higher high momentum, trading above the 150-200MA line with trendline support. There is a possibility of it moving further upwards towards higher prices.
'Strongly Bullish' on SAIL for long term; Weekly Chart analysedThe stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% .
SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% .
In terms of price action, the stock is trading well above all the short-term and long-term moving averages.
RSI is above 50 and MACD gave bullish crossover above its signal line on 2nd March 2023.
Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 83 on a closing basis.
Sail on the Verge of Breakout..!Sail has been consolidating for a while. Taken support near 140 and waiting for triangle breakout. Can reach all time high if markets support..! maintain risk reward and follow strict stoploss..!
Just A View - SAIL📊 Script: SAIL
📊 Sector: Steel
📊 Industry: Steel
Key highlights: 💡⚡
📈 Script is trading at its support level, we may see some good rally from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 147
🟢 Target 🎯🏆 - 162
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SAIL--BULLISH!!SAIL Longterm View as per elloit wave!!!
The charts posted are for observation purpose only!!!
SAIL- self analysis on 3MTF and 3 candle volumeSAIL- self analysis on 3MTF and 3 candle volume
1) Short target 300 RS in 6 -8 months
2) Good volume
3) Strong yearly tf support
SAIL: Steel Authority of India Ltd - Breakout ViewDate : 8-Jul-2024
Rating : Buy - Positional View
LTP : Rs. 155.61 (on 5-Jul-2024)
Targets: (1) Rs. 175 --> (2) Rs. 188 --> (3) Rs. 210
SL : Rs. 140 on daily close basis
Technical View:
• NSE:SAIL is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 175.35 on 22-May-2024, it has retraced 29% to 124.80 level.
• On 5-Jul-2024, NSE:SAIL has broke out from its secondary down trend with higher than average volume.
• NSE:SAIL is trading above 20 DMA, 50 DMA and 21 DEMA.
• RSI is trading at 54.16 and MACD is about give cross over.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Sail Long Term ChartSteel authority of India long term chart as per Fibonacci,
as per time cycle metal sector can boom.
as per study looks like we are still at bottom, rest market is supreme
