PriceActionTrader1

Price action analysis of SAIL

Long
NSE:SAIL   STEEL AUTHOR INDIA
SAIL has been forming bullish flag structure from past 10 months and is finally broke the flag above it's higher boundary with good volume. This week it retested the upper boundary of flag and forming a support. Next leg could be upside with a great potential.
Comment:
Analysis was invalidated as SAIL had a fake breakout from the flag pattern and reversed strongly.

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