SAIL-DAILY/WEEKLY/MONTHLY-Breakout

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SAIL

Stock is near verge of breakout 90-91 level. It has formed a rounding bottom near support levels.

As per the weekly chart it is creating higher lows from past few weeks. Currently there is a inside candle formed in weekly timeframe. However, it needs 3 more days to get confirmed how it will appear.

I still believe that the stock is bullish above 87-86 levels. If it goes for retest, it will be good opportunity to accumulate some qty around 88.50.

We can keep SL around 85, it has potential to go upside T- 100, T2- 110.

This is only for educational purpose, please manage your risk accordingly.