A GOOD CONSOLIDATION FROM APRIL 2021!
Forming a Descending triangle pattern!
Wait for a true breakout do check VOLUME!
50 EMA AND 200 EMA giving a good support!
And for intraday making same pattern!
TARGET PRICE=143/145
STOP LOSS= 113/111
And if breaks the consolidation then can hold for long!
TARGET AFTER CONSOLIDATION=185/190
(the above analysis is only for...
Millions ... volume trending on Sail with less movement, finally reached the mini breakout level to touch target of Rs. 84++
Major breakout can happen around Rs. 82 levels (around 1st March 2020)
I always think that we should give some dates with targets, to add some spice to all this analysis.
What do you think?
Happy trading, follow me!
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.
