SAUD trade ideas
SAIL profit increases manifold money control newsthis maharatna company is trading less than half of its book value.
it appears it can touch the target Monday it self.
and increase further.
(BUY): SAIL breakout with a good volumeDisclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
SAIL bullish biasInvestment in staggered manner:
Accumulation zones: 32.95, 30.5, 27.4
Ultimate buying zone: 22.8 to 20.15
Distribution zones: 48.4-51.5, 56 - 60.
Look for RSI divergence on weekly TF
Previous high 35 is the short time target - Triangle patternPrice swings inside the triangle and now its time to breakout. Expecting previous high 35 as a short time target.
Breakout with Decent VolumesVolumes are high as compared to last few days. Although breakout candle not looks very powerful but volumes are.
Keep an eye.
[Positional] SAIL LONGBuy above 32.3 with Sl at 30.9
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
Steel Authority (SAIL) Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MOVEMENT FOR 25TH JUNE ON STEEL AUTHORITYOPENING WILL LOW AND IN VIEW SHARE WILL REACH HIGH AT CLOSING TIME.SO TOMORROW HAVE PATIENCE ON MOVEMENT. RISK IS HIGH SO VOLUME WILL BE LESS. TRADED QUANTITY WILL LESS. REMAIN IN DELIVERY NOT IN INTRADAY BUT TRADE LIKE INTRADAY.AS FOREIGN ARE DOWN AND OPTION DATES ARE CLOSING SO EXPECT TO OPENING IS LOW PRICE OF THE DAY.
Sail Breakout TradeSail has formed a trendline and its near demand zone. If this zone holds the price and trendline is broken then sail can see an upside towards 33-55 levels. wait for a breakout with high volumes.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
