Hello Friends,
with Steel price increase, all the steel based companies are gaining.
Look at this SAIL, the range is between 40-100 rs in last few years.
with Wedge breakout on weekly, price is keen in testing the resistance zones. It can take its own time, expectation is too test the previous resistance zone around 100+ rs
So SAIL turns as very good investment opportunity for double in a year or 2.
Buy CMP 50, sl based on your risk appetite. Add more at 40 rs and target 100.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
with Steel price increase, all the steel based companies are gaining.
Look at this SAIL, the range is between 40-100 rs in last few years.
with Wedge breakout on weekly, price is keen in testing the resistance zones. It can take its own time, expectation is too test the previous resistance zone around 100+ rs
So SAIL turns as very good investment opportunity for double in a year or 2.
Buy CMP 50, sl based on your risk appetite. Add more at 40 rs and target 100.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.