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.
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