SAIL is creating a base again to be a bulllish RAIL ---------------------------------------->
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days)
FOR INTRADAY TRADERS( only for 31-05-2021)
1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame).
2- Also , since it came again to support, so it can jump again as momentum is increasing.
LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share.......
Happy Trading ..... :)
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days)
FOR INTRADAY TRADERS( only for 31-05-2021)
1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame).
2- Also , since it came again to support, so it can jump again as momentum is increasing.
LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share.......
Happy Trading ..... :)