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STEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIA

STEEL AUTHORITY OF INDIA

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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.
NSE:SAILLong
by TheMeditrader
1
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 !!
NSE:SAILLong
by Swastik24
SAIL India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NSE:SAIL
by Sunstorminvest