mindzap

SAIL possibly ready for second swing

Long
mindzap Updated   
NSE:SAIL   STEEL AUTHOR INDIA
On Monday (25/Jun) if daily closes above 85.25 it is probably time to get ready for the next swing. Stop is 82 and first target is 90 (last swing high).
Trade active:
Entered long with target 90
Comment:
This one looks alright. Here is the updated analysis -
Updating stop to 78.5. If price comes back to that area again then it is better to stand aside.
Trade closed manually:
Market is not very excited to move up. I closed this trade today for a small loss. Hourly is weak and daily up trend has got breached. If it trends watch out for 69 - 70 range market reaction.

a236z
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