Double Flat correction
Last C wave started
after Completion any reversal from 90-95 level from the bottom of the channel we can go long as swing entry for 5th wave.
Buy SAIL With A Target Price of Rs. 140/150
Also can buy upto 30% at CMP and rest after it cross 110 levels.
Keep SL of 90 on closing basis.
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Stock Trading in Channel , currently at bottom of channel
Also after recent move, it is correcting from top level. Creating FLAG chart pattern
So better to keep on watchlist.
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SAIL has...
I hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
SAIL is in up move :
Reasons/Traits :
• Triangle pattern break out yesterday and today got confirmed
• Volumes are high
• Price above 13/20/50/200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels
Scenario 2 : Price break down below 123 can...
Stock has made flag pattern on weekly chart and morning star formation in progress. Also retested its multi-year resistance levels of 100, which now acting as strong support.
Longs can be considered at cmp with SL 98 on weekly CB for target of 130 (20%) in short to medium term and 150+ (around 40%) in long term.
Kindly do your analysis before initiating trade.
Sail is currently operating in a channel.
Reversed from lower trendline.
Support of 20,50 and 100 EMA on hourly timeframe.
RSI is slowly gaining momentum.
Flag pattern on Weekly timeframe.
Target: 126 (~20%)
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: 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)
SELL...
The only reason this stock is so deeply undervalued is its a PSU.otherwise this company trades at super low valuations. The stock trades nowhere next to its replacement costs. The company is also on a very aggressive debt reduction spree.
THe stock is at the box bottom and 200EMA, if it bounces from here it becomes a great value + technical buy. RSI also showing...
