STEEL AUTHOR INDIA

NSE

SAIL

very short term trade

WATCH SAIL

please check my stock idea on 12/06/2019.

SAIL has exhibited NR7 days consecutively for 3 days. Almost has bullish gartley structure with maintaining proper stop loss . target 38%,61.8% and 1.618 retracements Trade cautiously as SAIL always trade in the direction of nifty If nifty goes down it may also go down.

Check the chart.

Query - Sail Investment Purpose - CMP 53.6 Weekly Time frame Analysis Bullish Butterfly + Demand zone + Bullish Harami on Weekly Time frame + Double bottom on Weekly time frame + Bullish Hammer on ( Monthly time frame) CMP 53.6 Can add here 30 % 44-46 rs add 40 % Balance 30% add @ 30-34 rs levels

Bearish Bat pattern on 4H Chart of SAIL. SELL 55.5-56.5. I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.

Divergence of oscillator and price almost seen. Turn around of SAIL annual result expected. Trade war in international arena is main hindrance Slight cooling there will ignite SAIL price. Some reversal expected next week..

Sell Below: 54.60( on Daily candle Close basis) T1: 49.30 T2: 46.35 SL:58.6 RR:1:2

Sail Demand zone

SAIL showing rejection at channel support.

Sail at support gave pinbar

1) H&S b/o 2) testing neckline of H&S 3) TATA steel reported 25% revenue growth --- SAIL should also report good numbers 4) SL today's Low 5) USDINR going uo should support the prices

With positive result from tata steel same expected from SAIL.

Pure Educational purpose only i will Buy SAL 60 CE @ 2.45 - SL 1 Targets 4/6/8/10

The iH&S pattern did not play out earlier. Keep stops at 54 and try for it again. Tgt 65-70

target 66 within month..stoploss 55

SAIL