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UnknownUnicorn23160314

Sail - breakout

Long
STEEL AUTHOR INDIA (NSE:SAIL)  
UnknownUnicorn23160314 Updated   
NSE:SAIL   STEEL AUTHOR INDIA
Trend Analysis Chart Patterns trianglebreak breakout
4
0
trendanalysis chartpattern trianglebreak breakout
Time frame - 1 hr
Triangle breakout - retest done.
Supported by 20 ema.
Surge of 10-20% upside can be seen.
Comment:
Negative impact due to news. China to ease restrictions on steel making.
It is consolidating in rectangular channel.
Good move expected after breakout of this channel.
Trade active:
Still consolidating in horizontal channel at 1 hr time frame.
Comment:
Made a high of 135. Stock has potential to go up to 150.
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