NSE:SAIL has formed Inverse Head and Shoulders in weekly chart and has successfully given breakout from Triangle taking support from 0.618 Fibonacci and if we check weekly chart it has also broken Ascending triangle pattern.
With current Fundamentals and Technicals NSE:SAIL looks strong and ready for one leg up around 160 and 180 in next few months and...
SAIL experienced a retracement, dropping from 96 to 91.50. However, it subsequently demonstrated strong buying momentum, resulting in a closing price of approximately 92.90.
Looking ahead, SAIL has the potential to reach 96 as its near-term target, followed by 99 as the second target. Additionally, there is a more extended timeframe target of 108 within six...
Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months.
The stock is also strong fundamentally.
1st target 110
2nd Target 120
Sl 96.50
