Sail, SharkSail: last leg of Bearish Shark Pattern, price negotiating with 200 DMA, Positive Divergences triggered. SL at 200 DMA for investing long for decent upside. It is a good risk-return ratio.
SAIL trade ideas
SAIL - SHORTING OPPORTUNITYSAIL CMP 73.75
Target 60
Stop 80
Daily Chart
1) Stock broke below 200 day ema with heavy volumes.
2) Higher time frame - Weekly chart has the stock breaching 30 week ema.
SAIL on downward trendSAIL is on downward trend and has closed below 61.8% retracement, so can be expected to reach Rs.80 in the near term.
Sail TARGET 150-200 - Long term SAIL has Completed DOWN trend
Looking Very high for long term
TARGET wil be 150-200
BUY and HOLD sail TARGET 135, 164, 194 Time 1-3 monthsBUY and HOLD sail TARGET 135, 164, 194
Time 1-3 months
STEEL AUTHORITY of INDIA(SAIL) BEARISH GARTLEY FORMATION....SHORT FROM 52 WITH POSSIBLE TARGETS OF 47 AND 48 ....KEEP STOP LOSS @53.80........
SAIL - Building Strong Bullishness (BUY)Observed a breakout from 47.90 - 48.70 with a single candlestick that shows strong bullishness in the price action. It has been correcting a while and today reached to the previous resistance and confirmed support.
Next Target: 53.13
SL: 46
SAIL - Long term buy..SAIL seems to have completed its bear market and is poised for a freash upmove...Buy with long term view...
