any one can go with this share if you want to make money in steel sector for swing or short term you can go with sail . and please keep stop loss of 110 rs . strict stop loss
time frame for holding 1to3 week
follow sl properly becuase this is not perfect 100 percent demand zone but yes . breakout demand zone is there so please your position according to that ....
📈 Heads up steelheads! monthly chart of #SAIL screams potential breakout. steel industry also in positive. Time to buckle up? #SAIL #StockMarket #Investing #BullishOutlook #SteelIndustry #Nifty50
📈 Exciting times for SAIL!🚀 Anticipating positive trends in the coming days. 📈 The steel industry is buzzing, and SAIL seems poised for growth. 🏗️ DYOR, and let's see where this journey takes us! #SAIL #StockMarket #Investing #BullishOutlook #SteelIndustry
Sail
Breaking out from its multiyear resistance trendline today in daily TF as well as todays is weekly closing also gives breakout conformation
it looks very Bullish from this level
good to hold above 125 for the view of longterm investment
my view to this stock is 2x, 3x from this point
also its outperform nifty500 index in weekly time frame
Volume from past...
The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% .
SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% .
In terms of price action, the stock is trading well...
The stock has the potential to break out and move further. Important levels are market and also the trend lines helps to understand much better.
Need to see whether it will break the trend line and retest it again or it will reverse before the trend line and retest the previous swing high.
Stock was in consolidation phase for 10+ years .....
Now it's bottomed out and ready to breakout anytime and also future data shows that accumulation taking place....
Keep in watch...
NSE:SAIL Weekly Analysis for long duration
Wait for strong Breakout and sustain above 87
Trendline breakout is important
If gave clear breakout and sustained with LH LH structure can go for long with SL of 70
T1 100, T2 120, T3 140
Super Breakout stocks
you can find which stock is forming bottleneck pattern and Super breakout is possible.
SAIL
Steel Authority of India Limited F&O lot: 8000
115.45 vol 78649010
weely structure in rising channel n now price in channal support...
daily reacts from weekly support suggest another confirmation to the idea..
hrly structure turn bullish n start making HH & HL which is another confirmation to bullish IDEA...
maintain 82 level as a STOP LOSS for the tgt 102.
because of good fundamentals n change in commodity cycle n beat china...
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern Breakout
📌 Symbol/Asset: SAIL
🔍 Description: SAIL has made Broadening pattern from 2011 to 2020 and given breakout of the pattern.
Its a multiyear breakout and retest is also done.
We can see huge upside and might see returns in 3 digit percentage numbers !!
One need to just hold it for few...
If the stock breaks the resistance we see bullish momentum in the stock.
This is just for educational purposes and to understand how technical analysis works.
