Since May 10, 2021 SAIL is going through a correction of complex proportions.. even the eye popping results, reduction in debt and such improvement in fundamentals has not revived the stock price... A good news maybe around the corner with a triangle in formation, the breakout of which may result in the next impulse..the widest breadth of the triangle being 45 is the target on a Break Out (breakout price 128 + 45 = 173-174)...price is going through a downward sloping channel as well which direction is northward at the moment.. Stoploss is the time and date when it crashes below the triangle area marked by blue line..timelines for possible breakout and target achievement date have been marked by the 2 vertical lines
Ordem cancelada
⋅
Idea didnt materialize as Breakout didnt happen and DXY played spoiltsport..rising USD is negative for base metals and showing it in charts