SAIL trade ideas
SAIL about to breakout from triangle pattern.The chart is self explanatory. Please don't short if breakdown happens, it is in uptrend in higher time frame.
First target 145-150.
Second target 180
SAIL swing positional ideaSwing positions can be made by buying in the range of 129.50-130 and SL below 126.50 with the target of 140 in around 2 months.
Pole and flag pattern in SAILAfter good rallies in metal sector it have started consolidation and now they are ready again to run 🏃. There is a clear pole and flag pattern formation in SAIL in daily time frame and a closing above 130 be a good breakout buy. With stoploss of 124.
SAIL | DESCENDING TRIANGLE FORMATIONSAIL is forming a Descending Triangle , RSI has already given a Trendline Breakout , a descending triangle breakout is soon expected.
Suggested Entry:- Above 130 levels
Targets as per Fibonacci Extension:-
T1: 145
T2: 148
T3: 153
NSE:SAIL
SAIL Ready To RockSAIL
Buy - Above 123
Sl - 120 (Closing Basis)
Target - 135 145 160
Duration - 4-6 Weeks
It has formed a Pole And Flag Pattern in daily timeframe.
Below 117 on closing basis will head to 98.
SAIL: 67 Days of ConsolidationNSE:SAIL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
SAIL - VCP above 10yr BOSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SAIL long positionSAIL forming a triangle pattern in 1D time frame
Possible breakout after 130
Look out for Nifty Metal and enter into trade.
range squeezePrice is getting squeezed for many days with falling lesser volumes.
Any side movement will be blasting, an upward move might see break of decadal trendline.
PENNANT & POLE PATTERN BREAKOUT AHEAD !SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown.
If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term.
Lets keep Entry above 130 and very short term swing target of 148 .
Mid and long term holders can keep high targets.
This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
SAIL BreakoutThere are huge chances of upper breakout.
If breaks triangle in coming 2-3 days upside then enter with 30% quantity. Wait for retest, then average it using remaining 70%.
Entry --> 129.80-130.50
SL --> 2₹
If breaks swing low with 15 min strong candle then short for tgt of 100,90 with same SL
NOTES :
if does not cross 129.80, don't enter.
Continuously check volume to avoid fakeouts.
Wish you all the best 😊
For swing tradeSee a big movement in any direction of breakout first confirm by your trading setup and then enter
For swing tradeSee a big movement in any direction of breakout and then enter
Note : this is only for education purpose
