NSE:SAIL Stock is near verge of breakout 90-91 level. It has formed a rounding bottom near support levels. As per the weekly chart it is creating higher lows from past few weeks. Currently there is a inside candle formed in weekly timeframe. However, it needs 3 more days to get confirmed how it will appear. I still believe that the stock is bullish above...
SAIL has given a breakout from its channel after a considerable amount of consolidation. Entry can be made now or after the retest of the channel. RR ratio - 1:3. Not a trading advice. Do your own analysis.
Cup and handle on sail, along with an inverse Head and Shoulders which tested the neckline, Ready to move to Rs.88.70
Life Insurance Corporation of India (LICI) has increased its stake in the state-owned Steel Authority of India -SAIL from 6.69% to 8.69% in tranches.
The trend lines clearly shows the sail is ready for move.
Make descending triangle chart pattern in 4 hour time fram , take support of 50 EMA if break out at resistance level Target will be 90 , if take break out at support level Target will be 75 . This is for educational purpose not a trading advice so that's my view comment down your view 🤗
SAIL - has completed its long term correction and has started moving up again. The stock is a good pick for long term as it is likely to make new highs in the coming years.
Daily chart analysis stock is trading in range. Any breakout outside the range will decide if stock to go up or down
Weekly chart analysis stock is trading in range. Any breakout outside the range will decide if stock to go up or down
NSE:SAIL Start investing on the breakout of trendline... GANN THEORY let hope INVEST ON YOUR OWN RISK
Sail Showing Strong Divergence in Hourly TF Short Position can be taken here with SL around 89.55 Only for Educational Purpose.
SAIL (Long): Look for a long opportunity in the short term.
SAIL on daily chart is moving inside a bullish channel Confluence Points:- 1. Touched lower channel & bounced. 2. Formed Double bottom pattern & breaked the mid point.
Disclaimer - This analysis is only for Educational Purpose .....
SAIL Buy for intraday trading if stock break the given reistence level...........
Bigger Trend is Down .......and on Smaller TF Double Top (Price Action) formed ....which Put me in a Bearish mode ...
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Reasons to go Short: 1.Trend line Breakdown 2. Super Trend Indicated negative 3. Big Flag Breakout 4. MACD short line is above 5. Could be false breakout as few days ago, kindly wait. Note: This is only for educational purpose.