PENNANT & POLE PATTERN BREAKOUT AHEAD !
SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown.
If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term.
Lets keep Entry above 130 and very short term swing target of 148 .
Mid and long term holders can keep high targets.
This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term.
Lets keep Entry above 130 and very short term swing target of 148 .
Mid and long term holders can keep high targets.
This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
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