SAIL trade ideas
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.