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STEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHSSTEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHSSTEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHS

STEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHS

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SAIL Triangle Breakout SAIL has recently made a rally from 80-85 range to almost 150. After rallying up this much it has slowed down and consolidating. SAIL Chart has formed a triangle pattern. High at 150 --> Retraced to 118 --> Climbed to 138 --> Retraced to 121 --> Climbed to 133.35 --> Retraced to 122.8 The Prices are confined to a triangle as shown.Considering this it soon might break out of triangle pattern. You can enter a Long trade on SAIL when we have a proper break out of triangle with volume ( hoping in next 5-8 sessions) Entry- 131 ( Closing basis on daily candle) Stop Loss- 118 ( base of the triangle) Targets - T1- 150 T2 - 172
NSE:SAILLong
by Santosh_A_Chavan
[ Positional ] SAIL Long Trader : R ratio is 1 : 2 Rest as per CHarts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells "were" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:SAILLong
by Prem_Agrawal
SAIL Triangle breakout - Here is How one should set a good trade1) Some useful knowledge : Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side: the supply line diminishes to meet the demand. Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them. 2) About the entry : So far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same. During this period of indecision, the highs and the lows seem to come together at the point of the triangle with virtually no significant volume. Investors just don't know what position to take. However, when the investors do figure out which way to take the issue, it heads north or south with big volume in comparison to that of the indecisive days and/or weeks leading up to the breakout. The breakout generally occurs in the direction of the existing trend. But, if you are looking for an entry point following a symmetrical triangle, jump into the fray at the breakout point. 3) LEVELS: STRONG close above 130 on 30min and sustaining there for another 30 min that will make a close of 1hr candle will give good momentum for the stock. Stop-loss can be set at 125.45 as it is a small swing low also will make the stock come back to the pattern, Targets of 140 should be eyed on
NSE:SAILLong
by Averoy_Apoorv_Analysis
11
SAIL - Triangle BreakoutWith all the steel news coming inc PLI SAIL will now be a hard to ignore stock. One of the few PSU's where anybody short could get hurt very badly and most shorts will now look to cover their positions. Fundamentally the stock is barely trading at book value. With these windfall profits its modernisation plan + debt reduction will progress smoothly while still improving the companies balance sheet. Technically after a short move of over 100% the stock went into consolidation and now with China news + PLI scheme (They do a lot of value added products) the stock looks set for a breakout. Long above 129.25 SL Below 119 Target fresh 52 week highs. (Above 151)
NSE:SAILLong
by rdkriplani
SAIL in Flag and Pole Chart PatternThe flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern. A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). Flag patterns are accompanied by representative volume indicators as well as price action. Flag patterns signify trend reversals or breakouts after a period of consolidation. For Educational purposes only.
NSE:SAIL
by ankushsingh29