SAIL trade ideas
SAILNSE:SAIL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Sail Cup and handle patternSail is in fibonacci 50 and 61.8% crucial zone
price is showing cup and saucer pattern in daily time frame
price is above 50 and 100 dema
we can observe good momentum aftyer brreaching 84
93.9 and 103.5 an be seen as possible hurdle on upside so can be kept as targets
78.38 -77 can be kept as sl if we take a positional trade based on risk appetite
A clear bullish view on SAILhey guys ,
SAIL stock was moving in a fixed downtrend
and now it has crossed it's resistance,
and shown a great bullish candle
also 20 day ema is above 50 day ema
fundamentals of this stock are also good ,
therefore, it's showing bullish signals
you can bet on this stock and earn great returns
but be careful about global situation
i.e rising interest rate due to INFLATION