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 trade ideas
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.
SAILFlag pattern on sale , go long after breakout of it.
According to me
The blue line is longtime trend line.
wave 4 primary ending soonwave count
Cycle-1
Primary-5
Intermediate-4
Minor-C
Minute-5
Target zone for Minor-c is shown by taking 38.2% & 50% retracement of wave-3 intermediate.
If price falls in the target zone and gives reversal candle in the form of Doji,Hammer,Bullish piercing or Bullish Engulfing followed by a close above high of reversal candle then we can assume intermediate wave 4 has ended as stock seems to have formed a support/base @ 118-120 zone,there is 50 % retracement of wave 3 @ 118.
Further wave 5 target is coming between 150(38% extention of wave 1-3 from wave 4 end)-169(61% extention of wave 1-3 from wave 4 end) if wave 4 terminates between 118-120.
Here we can see asymmetry between intermediate wave 2 and wave 4 in terms of price and time, wave 2 being shallow and short and wave 4 being dip and long.
All in all one can look for a trade setup by looking @ following factors:
1)Price approaching in identified wave target zone.
2)After price fall's in target zone one should look for reversal candle.
3)After a reversal candle on next day,once price cross's reversal candle's high one can take trade and open 30% position,if it close's above reversal candle high take rest of the position and keep a stop-loss of reversal candle low on closing basis.
Simple Trade Setup | SAIL | 16-08-2021NSE:SAIL
On daily time frame it has taken support from 50DMA range on 11 Aug and 13 Aug.
And on 13 Aug, it closed above 21DMA and 50DMA. This is a sign of reversal is coming in trend.
Please refer below chart.
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And If you see, since Novemebr 2020 it has traded below 50DMA for very less time and 50DMA range is working as good support level and reversal.
It could be good positional trade if it closes above 136. Positional Buy Trade Target will be 150.
So from Daily time frame we can see there might be the chance of reversal of the trend.
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Simple Trade Setup | 16-08-2021
On 15min time frame it made a rounding bottom pattern. If it breakout this pattern succefully then we can see uptrend in this stock.
Indicator to use.
1) RSI (14)
2) 50MA
3) 21MA
Time Frame: 15min (in general) and 5min(during the trading to check the price action once it breaks the levels).
Things to observe and Action to take.
1) Avoid trading for initial 15-20 min and let it get settled. Don't jump in to trade even if it is moving quick up or down.
2) If it opens above 135 and trade above 135 and takes support from 135 then need to check RSI if it really breaks that trendline on RSI and stays above it. Then 135 level will be the entry for buy Trade with quick target of 137.
3) If it opens above 135 and breakdown 135 level then wait till it goes to 50MA on 15min time frame and from 50MA it takes support from but then it faces resistance from 135 level and at the same time if RSI is facing resistance from that trendline then it will be confirm short trade with SL of 136.50.
But if it breakout 135 level and RSI is above that trendline then it will be confirm buy trade with SL of 133.50. All the marked levels will work as target.
4) If it opens between 133-135 then breakout of either side will give quick trade and in that RSI has to breakout that trendline for buy trade or RSI has to break down that trendline for short trade.
5) Safe Buy trade entry will be breakout of 137 level.
6) Safe sell trade entry will be breakdown of 133 level with 50MA on 15min time frame.
Hope I made it simple to understand it. Chart and levels are easy to understand.
Comment your doubt or suggestion.
All the best for next week.
SAIL MAJOR BREAKOUT 🔥🔥🔥* Breaking Out Of The Range Of 10 years (2011-20)
* Target can be 175-180
* Estimated time Frame (3-8 Months)
SAIL-INTRADAY-ALGORITHMICThis strategy operates in intraday fashion. Rs.50K capital used in SAIL.
Weekly updates will be posted here. Both long and short trades.
SAIlComing Out Of The Range Of 10 years -2011 To 2021
Longer The Consolidation-Bigger The Breakout.
A No Miss Opportunity..
Must Have In Portfolio..
Buy-130-135 Range.
SL-110 Below Weekly Closing Basis
Target-175-235
Time Frame - 3 To 8 Months..
Big Bulls Is Already Bullish On Metals..
