Triangle pattern breakout and bullish divergence.Fresh breakout in this script. Clean formation of Bullish Divergence and Triangle pattern.
One can trade this stock with mentioned target and stop losses.
0%
0%
0%
0%
0%
About STEEL AUTHOR INDIA
Sector
Non-Energy Minerals
Industry
Steel
Headquarters
New Delhi
Website
sail.co.in
Founded
1954
ISIN
INE114A01011
Steel Authority of India Ltd. engages in the manufacture and sale of steel and steel products. It offers flat products such as hot rolled coils, hot rolled plates, cold rolled coils, pipes, and electrical sheets, and long products such as thermo mechanical bars and wire rods. The firm operates through the following segments: BSP, DSP, RSP, BSL, ISP, ASP, SSP, VISL, and Others. The company was founded on January 19, 1954 and is headquartered in New Delhi, India.
Simple price actionBullish Engulfing Weekly Candle Close.
Took Support at 61.8% ( Fibonacci)
Safe ones will take entry Above structure break on DCB.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank yo
SAIL (Steel Authority of IndiaSAIL - has completed its long term correction and has started moving up again. The stock is a good pick for long term as it is likely to make new highs in the coming years.
Trend Analysis of range bound SAILDaily chart analysis
stock is trading in range. Any breakout outside the range will decide if stock to go up or down
Trend Line analysisWeekly chart analysis
stock is trading in range. Any breakout outside the range will decide if stock to go up or down
#SAIL - major resistance lineNSE:SAIL
Start investing on the breakout of trendline...
GANN THEORY
let hope
INVEST ON YOUR OWN RISK
Sail Short DivergenceSail Showing Strong Divergence in Hourly TF
Short Position can be taken here with SL around 89.55
Only for Educational Purpose.
SAIL Daily Chart Trend Continue
SAIL on daily chart is moving inside a bullish channel
Confluence Points:-
1. Touched lower channel & bounced.
2. Formed Double bottom pattern & breaked the mid point.
Sail Short Double Top Breakout and Retest Disclaimer - This analysis is only for Educational Purpose .....
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
