SAIL a Roaring Buy
Multi-Year multiple Breakouts on Weekly Chart
1)First - Head & Shoulder BO above neckline of 90
Head & Shoulder formation on weekly chart since 2013 completed.
2)Second - BO above 114 with highest volume since 2009.
114 was a strong resistance since 2012, which SAIL was unable to break in 2012 & 2014
3)Golden Cross Over Formation - 50 Week SMA may cross over 200 Week SMA anytime in coming weeks, which will again take the stock price higher.
Targets as per Fibonacci
162 - 176 - 200 - 236
Minor Resistances are placed at
153 & 196
SL - 99
Daily, Weekly & Monthly RSI - In Overbought Zone
Shows the strength of the momentum.