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mindzap
Jun 22, 2018 11:30 AM

SAIL possibly ready for second swing Long

STEEL AUTHOR INDIANSE

Description

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.
Comments
Sarsans
Holding one lot June futures at 83.70.
SMA 2 CROSSOVER SMA 5 Seen in weekly time frame
mindzap
@Sarsans, great but keep strict stop loss of 82. It can go up to 85.5 and then trade down too. Break above can take to higher prices.
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