SAIL trade ideas
SAIL looking poised for a BULL runOn the weekly chart, SAIL has just bounced from a clean break and retest level and has recently been rejected around the 112 area which is the 50 day MA. Last week's red candle now leads to a probable retest of the 105 level which lines up with the 20 day EMA and would be a 38.2 Fib retracement from the recent bullish run. Expecting to see more bulls step in around this level which should help increase the volume for a breakout of the bear channel pullback seen here on the weekly.
SAIL Trend AnalysisExpecting strong momentum due to strong bullish divergence in RSI on weekly TF.
Price bounced nicely from support and broke out of the bull flag with increasing volume.
It can retest 100-105 levels during this correction phase before blasting off higher.
I believe infra and realty sectors are going to boom this year, it will positively impact steel and cement stocks as well.
Buy around 100-110 levels
Target 1: 185 (75% ROI) Short Term as per bull flag
Target 2: 280 (165% ROI) Medium Term as per cup with handle.
Both the targets seems achievable by year end.
My studies are purely based on TA, Do Your Own Research before trading or investing.
Peace !!
SAIL LONGSail forming the same formation as shared in M&M. Good to go long in this stock now with very low SL of 100 levels and target given in the chart.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
buy SAIL for target at 130 hey guys
buy STOCKS for SAIL comapny
target of 130
this stock has crossed its downtrend with strong green candle
and it has started its uptrend journey
according to fundamentals
the company has increased its revenue by 15-20% from last year
it has also incred it's cash flow
but the assents has been decreased
but you can try this stock because of technical analysis
and get high returns
😀😀
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SAILNSE:SAIL
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