SAIL looks good here. As per my analysis, it will touch 95 and 100 also. Lets see how it goes
strong stock with turn around story . solid conformation
If we close < ~105 we could see a further down move from here.
What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...
Can short sell LTP: 122.40 Resistance: 127.50 DEMA crossed in a bear trend MACD matches DEMA RSI below 50 15m is in down trend
SAIL looks bearish with inverted Cup & Handle pattern. Target - 100 SL - 126 CMP - 122.4
buy sail at CMP sl 79.50 1st target- 100 2 nd target-110 bullish sector stock so don't understimate metal stocks...
AIL is taking support on long term up trend line . A breakout on short term down trend line with bullish candle is an indication of going long in this share NSE:SAIL1!