1. PUNJI NIVESH COMMODITY & EQUITY RESEARCH PVT LTD
www.punjiniveshonline.com
Accumulate SAIL between 57-59. Target 70&82. Stoploss 48
While analyzing the weekly charts of “SAIL” We found the stock looks good from Risk-Reward
perspective if bought from long term perspective.
~ As far as Candlesticks is concerned, We have seen a “Bullish Engulfing Pattern”. The Pattern is a strong
reversal pattern
~ The RSI of the stock has reversed and it could be “Right Shoulder” of the “Inverse Head & Shoulder”
pattern that is being made on the RSI itself.
~ The recent correction in the stock from 75 levels to 55 levels was just a pullback of the stupendous
rally seen in the previous up leg which took the stock from 38 to 75
The stock could deliver good returns if bought from the current levels of 56-58 levels