STEEL AUTHOR INDIA NSE:​SAIL

Buy with stops at 51 for tgt 57++

at 61.50 stop 62.5 TGT 60

ail @56.85 target @58.65 , 60 SL 55.65 intratday

Sail Daily chart shows Bullish RSI, MacD Divergence.

Watch for a bounce around these levels else it could fall a lot more.

Go long at PDH 65.1 with SL at PDL 63.55

SAIl

stock is standing on its monthly support...which usually gives a boom when it touches the monthly support ...now it is a added benefit with a confirmation of double bottom forming

Support near 59.45 at 61.8 Forming a cup and handle type pattern in long term

C >68.25 will enable gates to further rise

SAIL has formed a pin bar at the trendline and also the 200 MA . Good long opportunity for a long term frame . Only If NIFTY is normal =)

Sell below 65 on weekly close basis for 55 Disclosure 1. No vested interest 2. Educational purpose only

TRendline broken. SL around 72 (weekly close)

SAIL short idea was published by me last week . But didnt break the support level . In fact , it has formed a bullish pin bar at support . Levels mentioned in charts .

As per charts Trying to break multiple bottoms. LAst candle looking very bearish. High chances it wont take the support and we can see free fall for couple of %

SAIL long term symmetrical triangle breakout yesterday and is now on a crucial long term support level. Levels mentioned in chart.

REFER CHART FOR LEVELS

SAIL long 15 min