SAIL trade ideas
SAIL LONGAs the government putting thrust on infrastructure spending, SAIL Chairman Soma Mondal said, "In view of the positive economic environment seen across sectors, the management is of the belief that the trend is likely to continue in subsequent periods as well as the impact of COVID-19. if any, is not likely to be material,"
Considering this statement: I opine to go long on every dip !!
For the levels:
Short Selling Zone @ 155 could be a resistance which is an opportunity after breakout in Long term.
For Short term, the current zone which is a consolidation zone can even consider for an ENTRY 1 & in case of down fall another entry around 100 levels for a Target of 150.
Newer highs above 150 level can be considered for long term with trailing stop loss.
Steel Authority of India (SAIL)-------------- Sell ??No chance of selling at all right now............
uptrend continues with Positional SL below 120 on a daily basis.
trading levels marked.
Happy Trading...
SAIL short term viewI thought sail was in zig zag correction but not.it completed double combination complex correction,wave 5 rally started towards 170
SAIL short term viewlooks like a wonderful bull trap.SAIL is in zigzag correction which will end at 112
Sail - breakoutTime frame - 1 hr
Triangle breakout - retest done.
Supported by 20 ema.
Surge of 10-20% upside can be seen.
SAIL - STEEL AUTHORITY OF INDIAThe way it has come down from 5% from day high, this one should hold around 119.50 as per the date.
If not the support rests around 116.50, from where it can head to its journey towards 125, 130.
Before trade do analyze the two levels given and keep small stop loss.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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SAIL: Delivery (22.77%) | #NIFTYMETALNSE:SAIL
Overview:
Sail delivery trade- BUY(102) | Sell(122)
Fundamental:
NiftyMetal has already been declined by 8.5% which result into bearish momentum.
Now it has been anticipated the metal stocks are going further down due to contraction in Tangshan steel production which effect the Metal industry and likely construction prices are hiked and stay in pressure in the whole month JUNE,2021
However Manufacturing PMI of may,2021 has been declined by (9%) and the upcoming service PMI that will be announced on this Thursday will come out with poor numbers as Unemployment rate has been double from April Fiscal year (2020).
Technical:
Rising wedge from bearish 4H trend is come out with low volume which is against the harmonics of Rising wedge.
Sail is high BETA stock with 1.20B as compare to Index NIFTYMETAL...
Structure-
(Short) Short the market is unethical from the perspective of a Investor
Breakout: @116.17
Retest: @116.17-@119
Entry: @115
Exit: @101.25 (minimum) @95 (maximum)
(Long)
Breakout: @100 from @95 pullback
Entry: @102
Exit: @122.60 (minimum) @143 (maximum: Long term only)
Recently SAIL have received a order for constructing the advance Railway tracks that should be more balanced than china high-speed bullet tracks...Closure of agreement of net-settlement amount has not been confirmed yet.
Sail is forming a STPA and it is at resistance level.Sail is forming a STPA in 15min chart, here a sort opportunity can be seen at 125.7~125.9 stop loss will be 126.5.
First target is 124.5 and second target is 123.5.
SAIL LONGENTRY ABOVE-125.8
Sl - 117
DISCLAIMER:These recommendations and reports are based on the theory of technical analysis and personal observations and are for educational purpose. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment.
SAIL: Accumulate for Mid-Long term CMP 76.75 TGT 90,100,115+Another chart for study the price action;
SAIL: Accumulate for Mid-Long term CMP 76.75
TGT 1 = 90,
TGT 2 = 100,
TGT 3 = 115+
ROI 1 = 17%
ROI 2 = 30%
ROI 3 = 49%
Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor
