Ascending Triangle breakout, RSI and Volume is building up .Target on the chart
Looks good overall and steel sector is doing well so may go up Disclaimer: I'm not a sebi registered guy
NSE:SAIL Overview: Sail delivery trade- BUY(102) | Sell(122) Fundamental: NiftyMetal has already been declined by 8.5% which result into bearish momentum. Now it has been anticipated the metal stocks are going further down due to contraction in Tangshan steel production which effect the Metal industry and likely construction prices are hiked and stay in...
NSE:SAIL TIME IS COMMING TO TAKE SOME REST IN ABOVE ZONE , TIME TO GET TIRED AFER A 2X RUN , COME TAKE REST.... LETS BOOK SOME PROFITS IN THIS ZONE
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
Sail Breakout done SL 66.90 Targets 79.80 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
SAIL has been under-performing for a long time. the stock is fairly priced considering Price to Book ratio. Hope it enters a new bull cycle, shed its PSU image and test previous highs.