Sail
SAIL - Steel Authority of India Limited
Levels -
Buy - Any dip below the CMP
T1 - 94+
T2 - 115+
Stoploss - 83.55 (Low of April 5, 2021)
The stock doesn't belong where it is being traded. It has rallied close to 10% in 2 trading sessions although the Indian Market ended in the red on April 05, 2021. With metals in focus and recent numbers released by SAIL in concern with significant debt reduction and increase in production by 6% indicates a strong move ahead in the stock. Accumulation of SAIL at every dip is what the strategy should be here.
There are several other reasons which strengthen the assumption of stock giving good return in near future. Comment if those reasons are required here.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Sail - Target Rs. 84++Millions ... volume trending on Sail with less movement, finally reached the mini breakout level to touch target of Rs. 84++
Major breakout can happen around Rs. 82 levels (around 1st March 2020)
I always think that we should give some dates with targets, to add some spice to all this analysis.
What do you think?
Happy trading, follow me!
SAIL - Bull Flag - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Comments
CAUTION !! Short Term Investors in Metals !! We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile in.tradingview.com for all metals analysis done.