Increasing volume over weeks, ADX rising, EMA 10 crossed EMA 21, and a breakout above 44 sustained. Tomorrow’s close above 47.55 will be considered positive for fresh uptrend to continue. Trading for 52 and 60 Rs target with SL of 41.50
Buy--> 38.5(CMP) Dt: 11/25/19 SL--> 34.8 TP-->43.35 RRR-->1.58
Hi Sail is looking good for a short term buy. We can buy above 33.90, with SL of 31.90 and targets around 36.30/38/39. There seems a positive divergence in MACD. RSI also is in sync with the price movement.
BUY SAIL AROUND 39.8 CMP IS 40. TARGET 5-10% UPSIDE BUY AND HOLD. ONE OF GOOD STEEL COMPANIES. WORTH HOLDING.
Short SAIL on Monday at 41 with SL 41.30 TG 39.50.... Long at 39.50 with SL 39.20 TG OPEN....
SAIL is in a nice expanding triangle. We are long on this stock for now. 1:4 Risk to reward ratio trade.
It is yet to be confirmed but there is reverse head and shoulders pattern on NSE:SAIL so keep your eyes open for this one. If confirmed target is 67.
SCRIPT: SAIL SAIL POSSIBLE TARGETS IN DOWN SIDE IS MENTIONED IN THE CHART. A POSITIONAL BUY WILL TRIGGER ONLY ABOVE 52. NOT A GOOD LEVEL TO TAKE SHORT TRADE. FOR SHORT TRADE THE SL SHALL BE 52
SAIL chart is in making of inverted Head and shoulder pattern. There is a good chance that it will complete right shoulder with the first target of 50 for short. And thereafter one should go long on for the target of 55-61 and 68.