SAIL 1D

för 5 dagar sedan

Swing Trading Setup for SAIL
1. Support and Resistance Zones:
Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image).

Resistance Levels:
₹144 (nearest resistance where the price is reacting now).

₹155 (next major resistance level).

₹176 (long-term resistance).

2. Current Price Action:
The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area.

3. Setup Logic:

Entry:
Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance.
If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering.
Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation.

Stop Loss:
For a pullback entry, place the stop loss below ₹136 to give the trade some room.
For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142)

Take Profit:
The first target can be set at the ₹155 resistance.

The second target could be ₹174-₹176 for a longer-term swing.
Risk-to-Reward:

Ensure at least a 1:2 or 1:3 risk-to-reward ratio.
If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R
of 1:18).

4. Additional Confirmation:
Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions.
Volume spike during the breakout or at the support level will add confirmation to the setup.
Summary:

Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout.

Stop Loss: ₹136 (for pullback), ₹142 (for breakout).

Targets: ₹155 and ₹174-₹176.

Risk Management: Use at least a 1:2 risk-to-reward ratio.