SAIL trade ideas
SAIL LONGENTRY ABOVE-125.8
Sl - 117
DISCLAIMER:These recommendations and reports are based on the theory of technical analysis and personal observations and are for educational purpose. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment.
SAIL: Accumulate for Mid-Long term CMP 76.75 TGT 90,100,115+Another chart for study the price action;
SAIL: Accumulate for Mid-Long term CMP 76.75
TGT 1 = 90,
TGT 2 = 100,
TGT 3 = 115+
ROI 1 = 17%
ROI 2 = 30%
ROI 3 = 49%
Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor
My View on " Sail " For upcomming days Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months.
The stock is also strong fundamentally.
1st target 110
2nd Target 120
Sl 96.50
Analyse SAILWe will buy this market at the open as it is heading towards the 102.00 level if it manages to break the 96.85 level. We can double our position with a 95% probability if it breaks the 96.85 level forcefully and has green volume.
Nous achèterons ce marché à l'ouverture car il se dirige vers le niveau 102,00 s'il parvient à casser le niveau 96,85. Nous pouvons doubler notre position avec une probabilité de 95% si elle brise le niveau 96,85 avec force et a un volume vert.
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.