SAIL trade ideas
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.
Triangle Pattern SAILFundamental
The stock fundamentals are very good, and the price of steel has gone up which will benefit the organisation.
News
Rakesh has got a good amount of shares in the portfolio.
Technical, Triangle pattern has formed with decreasing volume, Expecting a breakout. Enter the trade when it breaks out with stop loss slightly below the triangle pattern.
SAIL BULLISH PENNANT PATTERN NSE:SAIL
I am strongly bullish on this stock.
It's just a view of mine. Fundamentally Strong company expecting a good Quarterly result.
Expecting a break out on July last Week.
Currently trading in a Bullish Pennant pattern and in strong support Zone 124.40 to 120.80. Breaking Below to 120.80 will lead to a fall to 117.10 breaking that we can see a fall to 98.50.
Already have a position With SL Below 120.80 / Target 161 to 176 depend on the adjustment.