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Triangle pattern Breakout in SAIL

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NSE:SAIL   STEEL AUTHOR INDIA
Triangle pattern Breakout in SAIL

From the past 2 years stock was in a down trend forming triangle pattern. Finally it has given breakout from this down trend on 02/01/23 with good volume. In todays trading session price has managed to close above breakout candle. We can expect a decent uptrend in coming days.

All possible targets are marked on the chart. Maintain strict stop loss at 72.5

This is just a view, not recommendation to trade. Do your own analysis before making any investment.

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SAIL

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