SAIL is sustaining its support and is very likely to move upwards from the current level. There is a minor RSI divergence in daily level giving another positive bias ,the support is very strong at the 115 level .Long can be initiated.
RR : 1:1.64
Stock is in clear uptrend making Higher highs and Higher lows with small corrections .The upward moves are additionally supported with volume spikes creating a strong bullish bias.
Should give a blast move in coming days.
PEL has broken out from a descending triangle pattern in daily chart. The stock is at a strong support in the weekly zone.
The breakout is supported by huge volume surge that can be seen more clearly in the 60 minutes timeframe.
A long can be initiated with a stoploss below the trendline as shown in the chart.
AFTER A HEALTHY CORRECTION FROM ALL TIME HIGHS THE STOCK IS MOVING IN AN UPTREND AS CAN BE SEEN IN HOURLY CHART MAKING HH AND HL ,CAN BE BOUGHT AS A PRE BREAKOUT .
EXPECTED TO MOVE ATLEAST 8% AFTER BREAKING OUT .
STOPLOSS BELOW THE HOURLY TRENDLINE SUPPORT .
RISK/REWARD 3 TIMES