Breakout in SAIL - Don't chase momentumLook at the details of the chart-
- Stock from strongest sector.
- Made new high
- High volumes
- Higher high on relative strength
SAUD trade ideas
C&H Pattern Spotted In Sail Daily Timeframe. Mega Move is coming1) Classic Cup and Handle Pattern Spotted in Sail with good amount of height of Cup and Handle.
2) You can see supply zone i deployed at 80 which is broke today and sustaining above 80 and even Nifty falls 120 points.
3) When Nifty continue it's rally this will be the one which can perform in Coming days .
Entry = 80.35
Target = 105.4
Cup & Handle pattern on Daily Chart - Sail#SAIL
Cup & Handle pattern on Daily Chart.
Target 99/101
SL 70
EDUCATIONAL PURPOSE ONLY.
SAIL giving bullish entry with good RR ratioSAIL is retesting the levels of 80 for the third time and setup is bullish.
SAIL dot to dot target 1 done now heading towards target 2 show good strength now one can book 50% profit rest hold for target 2
Go Long in SAILVery Good pattern seen in SAIL one shoud buy for tgt 0f 100 ,study yourself before investing,i will buy this stock in 2 days
triangle pattern Breakout with volume triangle pattern Breakout with volume , rejection at lower level long wick hammer candles
SAIL Ending diagonal in 5th waveLong 75 stop loss 67 targer 92-112
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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SAIL - Hammer at ascending triangle supportNote: This is for educational purpose only. Please do not trade F&O based on this analysis.
There seems to be a bullish hammer at ascending triangle support. Moreover, this coincides with 50 EMA. RSI above 50 indicates bullish momentum.
During price fall, there was a decrease in volume which indicates weak sellers.
SL: 62.50₹
a good company giving good returnssteel authority of india
government stock
long term downtrend
but give decent returns
in a year or sometimes it takes even more than that
but the returns are good
dynamic support 100ema
Buy SAIL (Cup and Handle pattern) Buy SAIL at cmp or in dips till 70 Target1=81 Target2=90 and SL will be 69 on closing daily candlestick.
steel authority of india now whatbat harmonic pattern completed at point d. although stock gapped up at .886 levels but could not sustain and fell. now as a rule after completing pattern stock can fall till or retrace till 50% and bounce back again as we can see with fibonacci so keep stop loss of 67 to 68 only if you are already in the game or for fresh long keep stop of 67
trade at your won risk
