SAIL likely to take U turn.
Atualizado
After lower than expected result it has gone abc flat correction.
which has corrected 61.8 percent of precedingng wave.
what a coincidence for SAIL.
Govt has withdrawl export duty cut for steel sector.
Though this will benefit jsw steel much but there will be increase in demand
for steel sector in domestic market.
SAIL should take U turn from this juncture,
probable target more than 90.
Let us see how it turns out.
which has corrected 61.8 percent of precedingng wave.
what a coincidence for SAIL.
Govt has withdrawl export duty cut for steel sector.
Though this will benefit jsw steel much but there will be increase in demand
for steel sector in domestic market.
SAIL should take U turn from this juncture,
probable target more than 90.
Let us see how it turns out.
Nota
Not with drawn export duty cutBut export duty.
Nota
SAIL fail to close above 200 dma.so watch carefully as other steel stocks have declined substantially.it was NR7 day for it.if it today fail to sustains above 200 dma it will be negative for it.Nota
20 dma not 200 dmaNota
Nota
Positive day for SAIL.open interest datas shows long build up.
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