BUY : SAIL TARGET : 135BUY : SAIL
DATE : 22-10-21
CMP : 118.45
SL : 105
TARGET : 122 - 128 - 135
Timeframe : 2 Month
SAIL trade ideas
Trend line Breakout and Reached Channel Top and ReversingSAIL Analysis:
Currently price is retesting on the trend line support Ideal Demand and Supply Area are marked on chart,
if we get price on demand (Green) area it is good buy breaking above (Red) will see more fireworks .
Lets see.
Happy Investing!
Madhan
STEEL AUTHORITY as on 07.10.2021A GOOD CONSOLIDATION FROM APRIL 2021!
Forming a Descending triangle pattern!
Wait for a true breakout do check VOLUME!
50 EMA AND 200 EMA giving a good support!
And for intraday making same pattern!
TARGET PRICE=143/145
STOP LOSS= 113/111
And if breaks the consolidation then can hold for long!
TARGET AFTER CONSOLIDATION=185/190
(the above analysis is only for study purpose do not take it as any buy or sell call)
SAIL 1DChart is showing that stock is on the verge of giving a breaklout or has already given possibly a small retracement will occur then expecting a positive brekout
Disclaimer: This analysis is for personal improvement make sure to analyse the stock at your personal levels before investing
as this analysis is not an advice to buy or sell any stock.
SAIL(Steel Authority of India)Positional long for 1 year period
SAIL (Steel Authority of India)Positional long for 1 year Time Frame
Buying/Accumulation levels 98 to 125
Stop Loss 90
1st Target 152
2nd Target 180
2nd Target 215
Analysis done on Weekly Price action/pattern
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
I am not the SEBI Registered Analyst or Advisor( I am Preparing for Certification)
Leave a comment that is helpful or encouraging. Let's master the markets together
SAIL, 1 D TimeframeSAIL chart looks good to go long as stock has taken support from its major support zone and also from 50 EMA. Any close above the trendline (as mentioned in chart above) will lead to good move as per my view.
One should definitely keep an eye on this stock and not miss the breakout.
