STEEL AUTHOR INDIA NSE:​SAIL

One More drop and reverse near 80/79 its Going to Make an Impulse move , if failed to Make any reversal then expect it continue in down ward trend

ELLIOT WAVE ANALYSIS

Buy Zone near 77.10 This is the fibo 61.8 and gap support zone

Price broke the Resistance zone, we can see the buyers are stronger then seller and 50-61.8 Fib retracement zone in place so this is good sign for uptrend continuation.

Sell at 85 SL 88 Tgt near 80

Buy SAIL at CMP (82+) T1: 87 T2: 93 SL: 77

I am looking this will make one last drop , I am forecasting it till 66 it can drop below also , there is not rules it cant , but this drop will be the last drop, once they turn around they are heading for 95+ , once you make any entry trial your stops

Buy abv 77.5 siwth stops at 74. Tgt 1 at 81.5 and trail abv that

Price has taken support at 18 EMA. Bullish candle has appeared after testing the 18 EMA. MACD is also indicating that the potential trend is UP. Can be bought above 84.30 and Ideal Stop Loss would be below 18 EMA.

Technical Basis

Price trend in Elliott Wave Strategy in wave 5 looking for good opportunity for buy at this level for nice target buy at 87.5 T1 - 89.5 T2 - 91.5 T3 - 93.5 Sl - 85

Charts is self explanatory.

Buy above 88 SL 85 Tgt 91

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SWING TRADE ON SAIL JUNE FUTURES SHORT @88.4 STOP @89.50 TARGET @86.4 LOT:12000 QTY:1

SELL @ 86.60 BUY @ 84.60 SL @ 88.60 EVEN THOUGH MOST OF THE INDICATORS BULLISH, I NOTICED STRONG DIVERGENCE ON THE RSI. STRENGTH IS WEAKENING AND YESTERDAYS DROP IN SENSEX SHOULD ALSO AFFECT THE PRICE TODAY.

Bullish wedge Must stay > 83 on the month closing CCI(D/M)>100 TGC true on M* (* month ongoing) Volume Surge Happening Target / Resistence 142 SL 67 Duration: 9 months

WEEKLY POSITIONAL CALL-4 BULLISH MARABUZO CANDLESTICK PATTERN ON WEEKLY CHART MACD ON THE VERGE OF POSITIVE CROSSOVER JUNE FUTURES TRADE BUY @83.5 STOP @79.8 TARGET 1@85 TARGET 2@87.5 LOT:12000 QTY:2