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TradingSutra
Feb 10, 2022 4:49 AM

SAIL: ENDING DIAGONAL SPOTTED Long

STEEL AUTHOR INDIANSE

Description

From the highs of 150 stock has given a corrective fall as ABC three wave correction with c as an ending diagonal. One should go long near current level keeping SL of 93 & look for the target of 117/125/130.
Comments
naveenbalajiviswanathan
i don't think its ending diagonal, whereas its leading diagonal in intermediate and wave 1 in primary which ended at jan 27th candle. Zig zag started (A completed, B is going on) from there on for wave 2 of primary.
naveenbalajiviswanathan
@naveenbalajiviswanathan, basically it's short. Not long is my view
TradingSutra
@naveenbalajiviswanathan, Measure the subwaves from the highs of 151 , cannot be a leading diagonal.
sivanesh65
thanks for tips, hope it Will rebound
amitcsf
I think its still in down trend
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