parallel channel and a flag a good buy would be around at 109/110 (if sustain)
Target would be 132
check out the self-explanatory chart.
SAIL trade ideas
Sail looking good on daily chart in short termLong purple line coming from all time high downwards and on 30th april price broke that line gracefully with 7 rupees big green candle along with good volume and till now that purple line is not breached and assuming its not gonna breach and assuming we can see a pullback when the price touches this time also.
On 24 may and 23 aug we can see price bounce back .
Also upward channel can be seen here and in future, assuming price is gonna run between it.
So further downside is maximum 110.
Simple Trade Setup | SAIL | 16-09-2021 NSE:SAIL
Observations:
1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level.
Please refer below chart : Daily time frame.
2) On daily time frame: It has been respecting the support zone and keep on taking support from it. Support Zone if from 118.55 to 120 level.
Please refer below chart : Daily time frame.
3) On 1hr time frame it has been trading between 118.60 to 123.75 level since more than 7 days. Breakout of any level will give move on respective side.
Please refer below chart : 1 hr time frame.
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Trade Setup for Date 16-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Is SAIL waiting for a breakoutI’d sail waiting for a breakout. Waiting for the volume and result when we can see a up move
SAIL SWING TRADE 🚀 🚀 sail making a good option for swing trade 🚀 🚀
buy at near support @ 117-121
target 1 -130
target 2 -144
SL-114.15
SAIL lONGSail is following important support line on bigger time frame . Near resistance is 123 and 125 . If it cross 125 then target will be 140 and target 2 will be 150 by 30th September
SAIL - TRIANGLE BREAKUPAs usual in my learning way, SAIL forming a triangle pattern and if it breaks the pattern, the price will go up
Sail above 125 can touch 150 and aboveonly buy above 125 till that keep on watch. It has given a good fall and the bullish view will be negated if fall below 112, so till that time there is a chance of bullishness
SAIL LOOKS GOOD FOR SWING TRADECurrently near the top resistance of channel pattern. Good accumulation is seen an move above above 123 can give us good target of
8 - 10%
Always Trade with sl
Do your own analysis.
SAILCMP: 122
The stock has given a falling wedge pattern breakout on higher timeframe.
After touching 150, it has been consolidating.
It can move higher from here.
Expectation: 180, 230
SL: Mentioned in the chart based on weekly closing
Sail - Congestion break out with volume expansion- Long1) Clear uptrend
2) Deeper pullback
3) Congestion - sideways movement for 31 sessions
4) Break out wide big candle accompanied by high volume
5) price is now above 200 EMA
6) Going long at CMP with 33 as stop
impulse wave count logic of NEO waveReason for starting wave count from the point shown here is,in the past price movement(from covid low's) no prior swing high is retraced faster then the fall from that high took to form.
Rules and Reason for impulse count
1)wave 2 should take more time then wave 1 to form,here this rule is followed
2)0-2 trend line should not be touched by wave 1 price movement,here this rule is followed
3)wave 3 should not be shortest,here this rule is followed
4)One of the 1,3 or 5 should be extended,here wave 3 has extended by atleast 161.8% of wave 1 in both the degree's,here this rule is followed
5)wave 4 should not enter wave 2 price zone,here this rule is followed in intermediate counts.
6)wave 4 should take more time then wave 2,here this rule is followed in intermediate count.
7)Atleast one alteration should be there between wave 2 and wave 4,here this rule is followed as Alteration is seen between primary 2 and 4 in terms of pattern, price and time.
8)0-2 channel should not have more then 4 touch-point,here this rule is followed after which it was breached.
seems like sail has completed primary impulse wave 3 whose intermediate 5 was truncated and currently forming an complex correction(wxy) or a triangle pattern which was triggered after 2 stage confirmation on the breach 0-2 trend-line and intermediate wave 4 lows in lesser time then intermediate 5 took to form.As of now it seems like wave w or wave A in the form of regular flat has been done and currently wave x or wave B is in the making.On the downside wave 4 retraces generally 38.2 % wave 3 which is coming @ 115 which was achieved by price in current fall,but since then bounce has not been sharp or impulsive in nature indicating wave x or wave B is in making.As per the rule wave 4 is longer then wave 3 and primary wave 3 took 88 candles to complete hence going by that logic current fall or side ways movement can atleast continue till 20th december post which 31 days cycle low is expected @ 29th december.
On the downside support is coming at following levels
Primary wave 3 38.22% retracement @ 115.40
Primary wave 3 50.00% retracement @ 106.20
Primary wave 3 61.80% retracement @ 97.00
Invalidation of this count is @ 81 level where if price goes then wave 4 will be entering wave 2 territory.
Upside seems limited as of now but accumulation can be done if price comes @ above mentioned levels for investment purpose as on the basis of this count,as wave 5 is yet to unfold and in commodities wave 5 is assumed to be longest of 1,3,5.
will it make a wxy or a triangle only time will tell but short term trader should not look for bigger up side move looking at the current price structure until december 20th,2021.
This labelling is done by following NEO wave rules,in the past i have posted wave counts on sail through elliot wave rules.Rules of impulse labelling are different in both theories and hence the counts are also different.Neo wave also in-corporates time element in labelling waves which helps in timing entries and exits.
Here i have also incorporated time cycle.In the shown chart 31-day cycle is working quite well since covid low's(I cant show entire chart from covid low's as it wud very untidy) which help's in identifying important low points,meaning around cycle end day's important low is supposed to be formed.
Let me know if you find this post informative and if i have missed any rules while labelling.
SAIL SwingTrading and Long termWeakly chart Consolidation
LONG term 1x, 2x return.
Strong on the Metal sector.
Long term target 1 - 240
Swing trading
Target 1 - 128
Target 2- 140-145
Target 3 - 150
From here it can break strongly because of hitting resistance 3 times in a swing.
If SAIL falls from here accumulate shares at a lower prices at 110 and 100rs
Sail at strong support levelSAIL is sustaining its support and is very likely to move upwards from the current level. There is a minor RSI divergence in daily level giving another positive bias ,the support is very strong at the 115 level .Long can be initiated.
RR : 1:1.64
Target 135.6
Stoploss 112.35
SAIL MULTI BAGGER STOCK PICK 2X RETURNSSwing trading setup "SAIL", can expect more than 100% returns.
The stock is picked on the basis of both technicals and fundamentals, can easily expect good returns after 1st target breakout, and even targets up to T1 are quite attractive, one can add sail in his/her portfolio seeing the price at which it's available.
If you liked my idea, please like and follow me for more such content.
BUY CALL!• Buy if resistance is broken
• Green arrow shows long timeframe support
• Target price (TP) are mentioned in chart
•The CMP is at support zone so if the resistance is broken buying side will dominate
• I see a chance of forming triple bottom
• Feedbacks welcome always
SAIL Monthly Breakout Retestit has retest breakout level of 120 on monthly chart, however in negative scenario's it may test 100. near term 150 looks resistance. monthly trendline breakout was failed. however support is near to the trendline, a fresh breakout may be possible soon or later.
