SAIL trade ideas
SAIL GONNA SAIL HIGH SOON....:)TRIANGLE BREAKOUTS. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. bye
sail sellbearish rsi diversion might become hurdle in sails drift. this is just my view, dont take it as call
SAIL, Channel plus BoxSAIL, moving in Channel plus Box pattern, buy if close above 125, big breakout on the way.
SAIL - Breakout or Breakdown opportunitySAIL has been consolidating for sometime and awaiting a Breakout / Breakdown opportunity.
With current bullish trend, we expect this to go long. However there is huge resistance at Call option 130 ( high Open Interest) . hence shared both Buy and sell opportunity.
Sail - BullishConsolidating for long
Small resistance above
wait for proper breakout with volume (on hourly)
SAILBuy between 121.5-121.7
Stoploss - 118
Target 1 - 128
Target 2- 136
Close above 151.5 can move price till 180
SAIL - Resistance turned SupportAfter a massive rally in steel sector, SAIL broke its multiyear downtrend line and taking support on the trendline. This setup is like breaking the resistance and taking the same resistance as support, which is considered to be the nice setup for the further BULL run.
SAIL ( Long position)SAIL near to breakout
buy level - 117- 122
target - 130-142- 150
time 1 month
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EDUCATIONAL PURPOSE (Consult your financial advisor before any decision)
SAIL - morning starSail have show "Morning star" candle pattern in 4 hours chart, Hope It may reach 150/- with SL-117
current count super cycle-3-cycle-1,primary-5 super cycle degree-white
cycle impulse-yellow,
cycle correction-red,
primary impulse-blue
currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement.
In coming days(this month end) if prices correct's and gives negative closing on monthly chart than we can assume that wave 1(cycle) of wave 3 (super cycle 3) has ended and wave 2(cycle) correction can take prices in the range of 89-70.Following wave 3-4-5 target's are as follow's
assuming wave 2(cycle)ending @70.
wave 3(cycle):70-280
wave 4(cycle):280-200
wave 5(cycle):200-460/480.longest among 1,3,5 as generally seen in commodities.
Mind well this are just ideal projection as per text-book guidelines.Actual levels may differ.Whole idea behind this post is to share insight on current wave count on long term price action.
FY21-22 Swing Trade Idea #61: Long on SAILThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
SAIL can go up if it beats latest Tweezer TopThe fib retracement drawn between the low on 19th April’21 and hight on 10th May’21 says it can retrace to 135 and then 150 levels.
But now it has formed a Tweezer Top pattern in the daily charts .
Levels to watch out for are 121.05 and 113.35-116.5, which are respected since 2007 and 2011 respectively. If they are breached downwards then those who are holding should be cautious.
Those who want to engage safely should wait till it goes up above 126.
If that happens, then target 1 should be 135 and target 2 should be 150. Stop loss under any of the supports which it respects.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
Positional Long Broke Monthly Down trend with high volume and also broke previous High to confirm uptrend
60 min chart NSE:SAIL, LONGAll the lines marked are Fibonacci retracement and extension levels means Support and resistance
SAIL LONG BUY CHANCE1.good macd formation ( going to form bullish)
2.RSI Confirmation
3.Trendline support
SAIL Breakout on 1H charts After giving a breakout on 1M charts and a consolidation if about 21days, SAIL can be seen giving a breakout on 1H charts.
For now if taking trade on 1 Hour chart keep an SL below 123 and a target for 150 levels in 2-3 weeks. Keep in mind that stock is in a bearish tend from last 1 month so be careful while taking trade.
DEEP analysis on SAIL and some other stocks coming soon.
SAIL IS GOING TO BE A RAIL AGAINSAIL is creating a base again to be a bulllish RAIL ---------------------------------------->
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days)
FOR INTRADAY TRADERS( only for 31-05-2021)
1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame).
2- Also , since it came again to support, so it can jump again as momentum is increasing.
LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share.......
Happy Trading ..... :)
SAIL Analysis | Can you enter now ? 🔰 MY thought process :
⭐ I have studied all the past data and made a good buy zone here if it comes to my levels that is this zone and gives me a conviction pattern on lower TF or then I will activate a trade :) well if gets higher and higher I will simply leave the trade and move on to other good stocks in the market :)
⭐A good pattern or trendline or a good bullish candle on 50 dema = A good sign to keep an eye on it again and than a good entry on lower TF is what i will prefer :)
⭐No good entry signs for now
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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