Change in trend directionAfter breaking the support line on 28th Sept'18, this sideways trend converted into downtrend
SAIL trade ideas
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.
Steel authority of india ltd analyasis on 28 apr 24Steel authority of india ltd analyasis on 28 apr 24
Fundametly Strong stock
promoter holding 65% '
FII holding 3.18
rounding bottom formation
add some quantity
buying range 140 to 150
keep stoploss 111
target 160 - 170 - 190 -200 -220
rounding bottom target 225
SAIL Long 151.35Raising RS on Weekly and Daily
50DC break along with RS line Breakout can bring Amazing Momentum
SL 143 1st Tgt 159.7
Investment pick:-SAILSAIL is on the verge of giving big monthly breakout from trendline.
It is one of the few PSU stocks which have not shown rally in past couple of years.
We can expect huge upside in this stock given the improved profitability and efficiency of the company.
Definitely a must have stock in portfolio if interested to invest in metal sector.
However, metal sector is highly cyclic and have higher risk associated.
Bullish Opportunity: SAIL Channel Breakout Above 160Details:
Asset: Steel Authority of India Limited (SAIL)
Pattern: Channel breakout
Breakout Level: Sustaining above 160
Potential Targets: Projection based on channel width or next significant resistance levels
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Steel Authority of India Limited (SAIL) has experienced a channel breakout, indicating a potential shift in sentiment. The stock has shown strength by sustaining above the key level of 160. This breakout suggests the possibility of a significant bullish move in the near future.
Accumulation Opportunity: The current scenario may present an opportunity for investors to accumulate SAIL shares at advantageous levels, considering the potential for further upside.
Possibilities:
Bullish Momentum: Sustaining above 160 could attract further buying interest, potentially fueling a bullish momentum.
Projection Targets: Traders often project potential upside targets by measuring the width of the channel and extrapolating it from the breakout point. This provides an estimation of the potential target levels.
Confirmation: Confirmation of the breakout with sustained trading volume would enhance the validity of the bullish scenario.
Risk-Reward Ratio: Depends on individual risk appetite and stop-loss placement.
As with any investment decision, it's important to conduct thorough analysis and consider risk management strategies before accumulating the stock.
sail inverted head and shoulder break out- inverted head and shoulder break out at weekly chart
- buy volume also increased
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
