SAIL trade ideas
[ Positional ] SAIL Long Trade r : R ratio is 1 : 2
Rest as per CHarts
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.
=======
SAIL Big Swing tradeTriangle pattern Breakout. Trade with Caution Appropriate risk management and position sizing.
SAIL - bullish tradeTechnical analysis -
1. Stock and complete sector was in a long term down trend, Metals are cyclic.
2. Stock was making continuous lower low and lower high.
3. First time stock made a higher high after 11 years.
4. Stock recently made a bullish flag and pennant pattern.
4. Technically all is well until stock closes below 100, which is the last swing high
Trade set up -
1. Short term -
Go long,
for a target of 150 and 190,
Stop loss - closing below 126
2. Medium/Long term -
Go long,
for a target of 150 and 190,
Stop loss - closing below 100
* I have same targets for both trading setups, only difference is in Stop loss.
* I already purchased this stock yesterday being an aggressive investor.
SailAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Pennant Breakout | STEEL AUTHORITY OF INDIA LIMIRED 🔩SAIL daily: Looks good for more upside at CMP
1) Pennant Pattern BO
A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement.
The initial move is met with large volume while the pennant have weakening volume
SAIL ready for another upmoveThe stock was making a bullish pennant pattern and after breakout and retest gave a good closing today. Buy above 135 for a swing target of 150
Go long after breakout targate 150on weekly basis analysis if price give breakout then our targate is 150. stochastic rsi shows its oversold
SAIL soon go up rocket as per my analysisSAIL soon go up rocket as per my analysis, a short pullback seems over and the pullbacks trend is finished. i have bought at 127 with 125 SL
SAIL took weekly support on 9 EMA ready for 20% swing tradeBuy at cmp 128-130
Target 150+
SL 120
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
buy sail for 14% profit and also upside moment posiblethis stock in my radar when rakesh junjunwala say steel sector is bulish and also they hold this stock
trade with stoploss
happy trading happy investing
SAIL MOVING UP FROM A CRUCIAL SUPPORT! Sail is moving up from a crucial support level. Look for green candles on the daily chart. If price is able to sustain the up move , we may see 133-140 levels very soon !
Sail has formed a symmetrical triangleSail has formed a symmetrical triangle pattern in the daily timeframe.
CMP 129.60
First Target 140
Second Target 146
SL 117
Note: Educational purpose only.
SAIL PositionalLet's "sail" the flag
- Flag pattern (Bullish)
- On 50 DMA support
- RSI trendline BO entering into the bullish zone
- 50% at CMP, rest after 140
ONLY FOR EDUCATION PURPOSE
