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...
SAIL price can go higher, if it breaks resistance at 121 and it can make high of 125 which is another resistance level. but little risky cause its in a down trend.. All levels are mentioned in chart..
SAIL chart looks good to go long as stock has taken support from its major support zone and also from 50 EMA. Any close above the trendline (as mentioned in chart above) will lead to good move as per my view.
One should definitely keep an eye on this stock and not miss the breakout.
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
