SAIL Triangle Breakout

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SAIL has recently made a rally from 80-85 range to almost 150.

*After rallying up this much it has slowed down and consolidating.


*SAIL Chart has formed a triangle pattern.

* High at 150 --> Retraced to 118 --> Climbed to 138 --> Retraced to 121 --> Climbed to 133.35 --> Retraced to 122.8


*The Prices are confined to a triangle as shown.Considering this it soon might break out of triangle pattern.


*You can enter a Long trade on SAIL when we have a proper break out of triangle with volume ( hoping in next 5-8 sessions)


*Entry- 131 ( Closing basis on daily candle)

*Stop Loss- 118 ( base of the triangle)

*Targets - T1- 150 T2 - 172

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ملاحظة

Triangle was broken up today - 23 july, but could not sustain .
Wait for confirmation on monday - if on monday SAIL opens positive (out of triangle on upside -) we can enter.

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