Make descending triangle chart pattern in 4 hour time fram , take support of 50 EMA if break out at resistance level Target will be 90 , if take break out at support level Target will be 75 .
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
SAIL - 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.
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Reasons to go Short:
1.Trend line Breakdown
2. Super Trend Indicated negative
3. Big Flag Breakout
4. MACD short line is above
5. Could be false breakout as few days ago, kindly wait.
Note: This is only for educational purpose.
Sail stock on Daily TF we can see that on Friday stock has break the trend line Pattern in downside and Today is following through day. Price can take support at 80 level. we can short at CMP with the stop loss of 87 and down side can see at 80 to 79 levels.
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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SAIL
1 hour : It has taken the liquidity from demand zone.
*Wait for the opportunity in lower timeframe (5 min) and we could see an upside movement.
THANK YOU !!!!
