SAIL: 67 Days of ConsolidationNSE:SAIL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
SAIL trade ideas
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
SAIL TO THE MOON ?About SAIL – Steel Authority Of India Limited
Multibagger Jackpot Stock SAIL (Steel Authority of India Limited) is one of the largest steel producer and Maharatna company in India. SAIL manufactures Railway Products like Rails, Wheels, Axels and Wheel Sets etc.
India is the world’s third-largest steel producer and the growth in the steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. The steel sector has been a major contributor to India’s manufacturing output.
Technical Analysis:
From an investment perspective, you can expect more than 100% return from multibagger jackpot Stock SAIL. Currently, this buzzing stock is trading at around Rs. 127/- after touching all time high of 150/- It may break 150 levels very soon. Look at the volume expansion of this stock, big players are heavily invested in this stock, also the commodity bull run is going to last for 3-4 m years. This Maharatna company will give you 100% return over years. Just buy the stock and forget about it. Sit tight and let it grow.
Fundamental Analysis:
Company has reduced debt, Stock is trading at 1.15 times its book value, Company has delivered good profit growth of 24.57% CAGR over last 5 years.
Watchout for this Triangle breakout in SAIL. Don't MissWatch out for this breakout. It has an attractive risk to reward ratio.
and please trade at your own risk.
thanks
Buy SAIL above 134An ascending triangle pattern with long term trend line.Confluence of demand zone and chart pattern.
Buy SAIL above 134.
SAIL WILL SAIL FOR LONG TERM SAIL HAS GIVEN BREAKOUT ON THE DAILY BASIS AS WELL ON THE MONTHLY CHART AND SINCE THE COMMODITY CYCLE IS GOING ON WHICH WILL BE AN ADDED ADVANTAGE FOR THIS STOCK, THE STOCK CAN BE PURCHASED WITH THE STOPLOSS OF 105 AND THE FIRST TARGET WILL BE AROUND 160 AND FOR THE LONG TERM TARGET OF 180 THIS STOCK CAN BE BOUGHT AT THE CURRENT LEVELS.
