Riding on Break Out on Monthly Time Frame!Stock has already given Break Out on Monthly Time Frame and retested it as well. Soon expecting 160/180+ levels. Stay invested!
SAIL trade ideas
SAILEnter If it breaks todays high ( i.e. 135). Trade with appropriate position sizing and risk management.
SAILA typical example of stock taking a pause in between during its upwards journey. Trying to break 140 !
SAIL: Another day, another Metal.NSE:SAIL keeping strong in these market volatility.
Can be considered for swing trade, if metal sectors continue to rally owing to the various global news coming in.
Good triangle breakout.
Good volumes consolidation in the stock after an uptrend, is ready to move again.
T: 140, 150
SL: 120 on a closing basis.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
SAIL: TURNAROUND POTENTIALSAIL(D): CMP LOOKS GOOD FOR SIGNIFICANT UPSIDE. 1) TRIANGLE PATTERN 2) BULLISH MARKET STRUCTURE 30 RSI & MACD ARE POSITIVE. T: 151, SL: 118, HORIZON: 4W.
SAIL: SUPPORT LEVELS ARE CLOSESAIL has been moving lower in recent sessions and the main triangle pattern on the chart has broken to the downside. The next logical level is near 117-121, if the price breaks beyond that the bulls could be in trouble. On the upside level the next level to watch is 128, beyond that the target would be 151, however, strict stop loss should be maintained at 117.
SAIL (keep eye on metals)
Nifty Metal CMP 5360. It will become strong above 5400 and aggressively strong above 5500.
Sail also moving in pattern try to buy above 130
With SL of Low flag support
[ 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.
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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.
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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.
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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.
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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
