SAIL

13 בנוב׳ 2022

The metal sector is cyclical in nature , most of the stocks have undergone 50%+ correction , SAIL has fallen from 150+ levels and made lows around 65 forming a wide base double bottom and nearing breakout levels of 87+ , the volume profile also shows the maximum accumulation around the 75 levels , with a fall in the US inflation and the cooling down of the DXY index , can we expect a further rally in the metal sector is something to be looked at, if the levels of 90 are crossed with high volumes the levels of 100-105-115 could be seen easily.