After Sail recent announments the stock price has been constantly moving up .. keep buying .. it’s near the lowest
Increasing volume over weeks, ADX rising, EMA 10 crossed EMA 21, and a breakout above 44 sustained. Tomorrow’s close above 47.55 will be considered positive for fresh uptrend to continue. Trading for 52 and 60 Rs target with SL of 41.50
Buy--> 38.5(CMP) Dt: 11/25/19 SL--> 34.8 TP-->43.35 RRR-->1.58
Hi Sail is looking good for a short term buy. We can buy above 33.90, with SL of 31.90 and targets around 36.30/38/39. There seems a positive divergence in MACD. RSI also is in sync with the price movement.
BUY SAIL AROUND 39.8 CMP IS 40. TARGET 5-10% UPSIDE BUY AND HOLD. ONE OF GOOD STEEL COMPANIES. WORTH HOLDING.
Short SAIL on Monday at 41 with SL 41.30 TG 39.50.... Long at 39.50 with SL 39.20 TG OPEN....
SAIL is in a nice expanding triangle. We are long on this stock for now. 1:4 Risk to reward ratio trade.
It is yet to be confirmed but there is reverse head and shoulders pattern on NSE:SAIL so keep your eyes open for this one. If confirmed target is 67.