STEEL AUTHORITY OF INDIAViés de alta
Sail Long opportunity
SAILStock - SAIL
TimeFrame - Monthly
Hello all!
Sail has been facing heavy resistance between 90 and 104 price band since May 2006. It finally broke that price band on April 2021 with a huge bullish candle and heavy volumes. It has now come back to retest the resistance-turned-support zone and has also formed a Flag and Pole pattern.
The Perfect entry would be after the flag breakout. The analysis would become invalid if the stock falls below the lower flag trendline
Do let me know your thoughts on this!
*NOT A CALL*
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