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rahulxvaishnav

$NSE:SAIL looking Bullish and ready for an Upmove.

Long
STEEL AUTHOR INDIA (NSE:SAIL)  
rahulxvaishnav Updated   
NSE:SAIL   STEEL AUTHOR INDIA
Support and Resistance Fibonacci Head and Shoulders sail saillong sailbuy nsestocks nseindia steelauthorityofindia steel
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supportandresistance fibonacci headandshoulders sail saillong sailbuy nsestocks nseindia steelauthorityofindia steel
SAIL has formed Inverse Head and Shoulders in weekly chart and has successfully given breakout from Triangle taking support from 0.618 Fibonacci and if we check weekly chart it has also broken Ascending triangle pattern.

With current Fundamentals and Technicals SAIL looks strong and ready for one leg up around 160 and 180 in next few months and 200 to 250 in a year.

Those who want to buy SAIL can buy around 125 to 135 with a Stoploss of 115.

Targets are

-Short Term
1. 145
2. 150
3. 158

- Mid Term
1. 160
2. 180
3. 200

- Long Term
1. 219
2. 256
3. 293

Please note we are not SEBI registered and the idea above is for educational purpose only and for my own understanding. Please DYOR before taking any trade.

If you like my idea just give a share and boost and don't forget to follow.
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Those who don,t know sail is a volatile stock and anyone in a position for swing can book profit for now, from here sail will sail through consolidation and then ready for next move up.
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