Sail Long Term ChartSteel authority of India long term chart as per Fibonacci,
as per time cycle metal sector can boom.
as per study looks like we are still at bottom, rest market is supreme
SAIL trade ideas
SAIL - Long Term Buying OpportunitySAIL Long Term chart looks interesting.
Breaking out of a long term channel supported by momentum, supported by relative strength and supported by volumes.
Likely to move towards 2008 highs which presents a good upside opportunity from here.
Watching closely.
PS: Now I don't quite understand Elliot wave in detail, but try and lookout for whatever could to be 3rd wave breakouts. Even if I catch a few right, the momentum makes it worthwhile
sail cup and handle viewcup and handle being formed in monthly chart
breakout consolidation is going
breakout level 150 is reached 1st time in July 2007
2nd time in April 2009
3rd time in July 2021
and finely now in June 2024 after 17 years
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
SAILCurrently at the lower end of the Trend line on Monthly Chart. In the long run, the share can easily give high returns..
SAIL Key Technical Levels and AnalysisI am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
Change in trend directionAfter breaking the support line on 28th Sept'18, this sideways trend converted into downtrend
SAILCUP&HANDLE
As we see wonderful parttern on monthly time frame
so basically speaking sail would be testing 140 -130 level again
so you can enter when price trest the retest levl
Flag Breakout in PSU Metal Stock with 20% upsideHi,
NSE:SAIL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames.
RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
SAIL STOCKNSE:SAIL Stock is settling at the best support level of 150 rupees,
Buy sustain above the 158 rupees,
Target 1 is 165 to 168 rupees,
Target 2 is 175 to 180 rupees,
Stoploss atleast one day candle close below 148 rupees.
Sail Ready for Bigger Targets Hi friends, mates and Trading community so here i am sharing a bullish breakout in the share price of steel authority of India on monthly timeframe and in trading we all know that the bigger the timeframe, the bigger the targets will be.
So yesterday was a monthly close day and the share price gives a bullish breakout above three years old horizontal resistance swing top and closed above too after many prior attempts too so this monthly candle close above resistance indicates that this momentum can continue in coming months too and we can see 252 to 265 levels in coming months probably in 2024. i request that do not mesmerize after hearing big targets here self study is mandatory because we all are here for sharing our ideas for learning purposes not for trading so this is how you can identify monthly breakouts too.
Retest entry- So this entry looks good for me as this is my favorite trading strategy and suits me as well because we can minimize our risk by this, So 150 to 135 zone will be a breakout retest zone can act as good support zone prior it was a resistance zone for this execution 125 to 120 levels could be a strong support levels.
This idea is meant for only educational purpose this not any kind of trading or investment advice.
Best Regards- Amit
Namaste.
LONG ON SAILCan enter for big targets . I'm Bullish on the stock . Many good things going to happen in near trading days .
Breakout Soon in SAIL?Sail is trading near resistance zone and taking support of 9 and 21 moving average meanwhile volume is decreasing, closing above Resistance zone with good volume can give good upside.
SAIL! Getting Ready to Sail.Key Levels are marked in the chart.
The PSU stock looks good to go.
For Educational Purposes only. Not a buy/sell recommendation.
Multi-Year Breakout in SAIL (Steel Authority of India Limited)
Hello Trading View Community,
I'm thrilled to bring to your attention an exciting development in the stock of Steel Authority of India Limited (SAIL) . After years of consolidation, SAIL has finally broken out of a multi-year resistance, signaling a potentially significant bullish trend. Here’s a detailed analysis:
🔍 Technical Analysis:
- Time Frame: Monthly Chart
- Breakout Level: SAIL has decisively broken above the INR 146 resistance level, and a barrier it has tested multiple times since 2008 now broken.
- Volume Surge: The breakout is accompanied by a substantial increase in trading volume, underscoring the strength and validity of this move.
- Key Indicators:
- RSI (Relative Strength Index): RSI is currently in the bullish zone, indicating strong momentum.
📈 Fundamental Analysis:
SAIL, being one of the largest steel producers in India, has demonstrated robust financial health and operational performance:
- Revenue Growth: For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 23,492.33 Crore, down 21.32 % from last quarter Total Income of Rs 29,858.19 Crore and down 6.55 % from last year same quarter Total Income of Rs 25,140.16 Crore.
- Industry Outlook: The steel sector is witnessing a resurgence with strong government infrastructure spending and global economic recovery, providing a favorable backdrop for SAIL's growth.
🚀 Conclusion:
SAIL's multi-year breakout is a powerful bullish signal, supported by strong technical indicators and solid fundamental performance. This is a stock to watch closely for potential substantial gains.
📢 Call to Action:
- Add SAIL to Your Watchlist: Don't miss out on this potential multi-year uptrend.
- Engage in Discussion: Share your insights and thoughts in the comments below. Let’s analyze and learn together!
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading stocks involves risks, and you should conduct your own research before making any investment decisions.
Inverted Head & Shoulder Pattern Inverted Head & Shoulder Pattern
SAIL
+ Big base BO followed by low volume retest
+ Bouncing from 20 EMA
+ good volume buildup
-: Not a Buying recommendation
SAIL - Cup pattern with retest done on DTFLooking bullish if crosses barrier of 170.
ADX DI +ve above 25
Time to book profit in SAIL after 10% Fall will get best pricesail looking bearish to me traders may book profit in short term & after 10% fall from here we will get best entry level at lower trendlinr support zone where the risk reward is also good
SAIL ready for correction?NSE:SAIL has reached an important sell zone of 177/170 at the half yearly time frame with fresh buy zone created at 166/160 levels, if sail manages to break above 177 and give a daily closing and opening above 177 then we can see more upside in coming days but before that we may see a small correction till 166/160 zone before countinuing the upside trend.
if we see a break below 160 then we might see 150 level zone getting tested , do keeep watch at the levels and plan your trades accordingly.
Sell the SAIL !!!Hi Traders!!!
Sell call on really bloody environment. The stock has breached 15EMA on daily time frame. Next support area is 148. Hence, sell the SAIL at 156 for the target of 148 with SL of 162.5
BUY TODAY SELL TOMORROW for 5%Apr 23
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in SAIL
BUY TODAY SELL TOMORROW for 5%
Sail Authority!!
SAIL is breaking resistance which it has tested in last couple of days.
SAIL should be bought at 151.5rs.
For the TGT of 180rs.
SAIL is an government company so there is no fear of financials as such now.
If it fall from this level we can still average at 135rs.
