Still stochastic indicator not in over sold condition.
It seems some more upside left for it.
I will try to explain in the next chart.
How ever short can be initiated if the trend line
is broken decisively.
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.