SAIL trade ideas
SAIL 9 Yr MEGA BreakoutSAIL is sitting on a 9 year breakout.
Look at the volumes in the recent months.
The entire sector moved today.
This can easily give 30-40% returns
in the next few weeks.
SAIL (Go Long..Metals showing super strength)You can expect a major bull rally if tomorrow it sustains above 100 (which seems it'll, considering MACD & RSI).
As horizontal line shows, it is at multiple year resistance breakout level.
Steel Authority of India Ltd. (SAIL) - Up FlagSAIL is in an uptrend. The counter was in a consolidation since 1st April 2021. The price gave upward breakout to the consolidation today on daily chart on 26th April 2021 and closed at Rs.100.50. This breakout is supported by increased volume. I anticipate the price target of Rs.118 and suggest stop loss at Rs.96 for the first four daily candles starting from 27th April 2021. Thereafter the profit booking/ exit decision should be based on a negative crossover of 26 EMA by 5 EMA.
NOTE: This is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be at the sole risk of the investor.
SAIL BREAK OUT (WAIT FOR RETEST)SAIL has broken out superbly in the 1h tf and now it is beginning to form a retest move. If the retest is successful and it breaks out then it will give a good solid move.
Currently for short term if it moves for the retest it is a great shorting opportunity. And once it retests we can hope for long break out or even if the retest fails, we can hope for a further shorting opportunity.
Sail monthly breakout to touch 250It's going on a monthly chart breakout with a good volume. Can keep a buy as long as 78 support is not broken with a tgt of 250,although a confirmed approach will be above 100
Sail - Triangle breakoutPrice formed a perfect Triangle pattern and it almost breaks today and rejected from the triangle resistance, volumes will decide further move.
Target 2 (117%) achieved. Target 3 is ON...This is follow-up on SAIL. Can check link to related ideas.
Target 2 achieved. More than 117%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
SAIL Bullish Breakout on Monthly Chart Inverse Head & Shoulder Pattern seen on Monthly Chart, Breakout above 95.5 (Neckline)
95.5 is also Resistance on Monthly Chart. Stock will be breaking out after 9 Years of accumulation mode.
Huge Volume seen in last 5 months confirming accumulation at lower levels.
If Breakout is successful then expect Fibo Target of 147.3 and 225.5 soon. Excepted Time Frame: 2 Years.
Monthly Resistance marked with Black Lines on Chart.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
SAIL BIGGEST BREAKOUT OF THE YEAR PSBL WATCH 97 ABOVE TARGET 175SAIL BIGGEST BREAKOUT OF THE YEAR PSBL WATCH 97 ABOVE TARGET 175++
SAIL- Hnagman formedIn SAIL hangman was formed.
Hnagman usually shows tred. green- bullish, red - bearish.
SAIL: building strong Up move it has breakout from a sloping trendline on huge volumes
and the trend is very strong,
For entry trigger, we will wait for confirmation of breaking the resistance of the previous high (101.45) and sustain above it for some time.
Not a Trade Advice/ Recommendation. NSE:SAIL
Do your own analysis/ Consult your Advisor.
Cup and handle pattern in SAILCup and handle breakout has been given in SAIL along with rise in volumes. Can initiate longs. It also seems that the Nifty Metal will outperform Nifty50 index. Be invested in the stock for medium to long term. In the short term, the stock should soon clear the level of Rs.80 after which the stock will further give a good upmove.
SAIL Triangular Breakout on 1HR ChartIf Price closes above ₹97 we can aim for we can expect more Upside
LONG SAIL- POWER OF HARMONICRECENTLY SAIL GAVE A CORRECTION FROM OUR PRZ LEVEL.
BUT BEFORE CORRECTING I GAVE A CALL TO BUY FOR A TARGET OF 10% AND AFTER GIVING US 10% IT CORRECTED FROM OUR TARGET AS WELL AS OUR PRZ AREA.
Now if it crosses the recent high made then it will go to 108 i.e our PRZ area. Till Then Look For Buying Opportunity for the target of 108.
But you all will see the power of harmonic and our swing catching .
As A harmonic trader I will eagerly wait to short from 108. Of course we will create hedge in order to play safe.
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