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Manish_Mangla

MONTHLY WEEKLY CHANNEL BREAKOUT IN #SAIL

STEEL AUTHOR INDIA (NSE:SAIL)  
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NSE:SAIL   STEEL AUTHOR INDIA
Trend Analysis Wave Analysis
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trendanalysis waveanalysis
SAIL has given monthly weekly channel breakout after some accumulation btwn 104-98 may go for 110-114 as tg1 and 118-120 as tg2 and stop loss as fails to cross channel successfully may need to wait for 2-3 weeks
Komen:
Need to consider the environment getting formed in market due to increasing number of CORONA cases
Komen:
as took little support at rsi60
Komen:
breakout is with the volume at weekly time frame
Komen:
Now if the market doesn't fall due to #CORONA then SAIL is must add stock in portfolio for long term
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