Saturday, March 16, 2013

SAIL ANALYSIS 15 MARCH

This is 8 yrs weekly chart showing some bearish divergence.

This is also 8 yrs weekly showing a good trend line.


These are the support and resistance levels for this stock in previous 8 yrs.

This is 9 months daily chart showing nothing but a H&S look like pattern after which it fell.

My Opinion:
This stock is showing that it is the third time in 8 yrs when this stock is on current level.
Previously it got good supports on current level. It is a very good level to purchase this stock.

Strategy:
If on Monday 18 march it shows any rise in price then purchase it for a target to earn 30 rupees per share.

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1 comment:

  1. UnknownMarch 19, 2013 at 7:36 PM

    SAIL price has further declined since yr analysis on Mar 15. Last 2 trading days (i.e. Mar 18 & 19) price has declined by nearly 5%. But I will go with yr analysis that after occurance of white candle, watch next day's opening to be more than the previous day's closing then buy.
    Any comments/observations kly inform.
    Vivek Seth

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