SAIL Flag or TriangleAs a Beginner I am analysing the SAIL forming a Triangle and breaking the same and starts Bullish signal
SAIL trade ideas
Triangle pattern in SAILNSE:SAIL
Triangle pattern observed in SAIL since 70 days now, upper resistance tested 4 times now, this consolidation came after a bull run of 70% Increase in the share price, if it breaks we can see a good shoot up.
SAILResistances marked...
Stock looks to be taking support at strong zone and chances are of higher upside..
SAIL: Expecting an up move after a nice consolidation.Simple analysis, no complex logics. It's on the charts itself. Please feel free to comment your views and share the ideas we have. Let's grow together.
SAIL LONGAs the government putting thrust on infrastructure spending, SAIL Chairman Soma Mondal said, "In view of the positive economic environment seen across sectors, the management is of the belief that the trend is likely to continue in subsequent periods as well as the impact of COVID-19. if any, is not likely to be material,"
Considering this statement: I opine to go long on every dip !!
For the levels:
Short Selling Zone @ 155 could be a resistance which is an opportunity after breakout in Long term.
For Short term, the current zone which is a consolidation zone can even consider for an ENTRY 1 & in case of down fall another entry around 100 levels for a Target of 150.
Newer highs above 150 level can be considered for long term with trailing stop loss.
Steel Authority of India (SAIL)-------------- Sell ??No chance of selling at all right now............
uptrend continues with Positional SL below 120 on a daily basis.
trading levels marked.
Happy Trading...
SAIL short term viewI thought sail was in zig zag correction but not.it completed double combination complex correction,wave 5 rally started towards 170
SAIL short term viewlooks like a wonderful bull trap.SAIL is in zigzag correction which will end at 112
