SAIL
- As per previous report published on SAIL, stock moved up from support @ 81 and made a high around 92. (Click here to see previous report published on SAIL).
- Now current chart indicates that stock is again finding support around 80 its trend line as shown in graph no1. As long as stock holds above it will favor bulls, but once SAIL closes and stays below 80 then bears will get active and we may see some weakness for next few trading days.
- Intraday tips for tomorrow - Close watch once stock starts trading below 80 during trading hours, if holds below 80 then intraday weakness in expecting.
- As per graph no2 stock is trading below 100 days moving average this indicates weakness , by looking at chart closely stock took its 100 DMA support from last 2 times and bounced back but this time its trading below 100 DMA, this signifies weakness as long as trades below.
- Suggested Reading - HEXAWARE TECHNOLOGIES facing strong golden ratio resistance, will favor bulls once stock closes above.
- As per graph no3 if stock closes and stays below 80 then SAIL will next strong support around 75 its 161.8% fibonacci retracement.
- Even stock major trend indicator "MACD" is movig in -ve zone and below level zero this will favor bears , and other indicator "RSI" is moving above 30 levels this indicates stock is not in oversold zone and no problem from RSI if stock falls.
- Click here to see all the free trading reports (tips) published by us on SAIL.
- Stock tips for Indian shares.
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