SAIL Multi-year multiple Breakouts - BULL RUN AHEAD

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SAIL a Roaring Buy

Multi-Year multiple Breakouts on Weekly Chart

1)First - Head & Shoulder BO above neckline of 90
Head & Shoulder formation on weekly chart since 2013 completed.

2)Second - BO above 114 with highest volume since 2009.
114 was a strong resistance since 2012, which SAIL was unable to break in 2012 & 2014

3)Golden Cross Over Formation - 50 Week SMA may cross over 200 Week SMA anytime in coming weeks, which will again take the stock price higher.

Targets as per Fibonacci
162 - 176 - 200 - 236

Minor Resistances are placed at
153 & 196

SL - 99
Daily, Weekly & Monthly RSI - In Overbought Zone
Shows the strength of the momentum.
Trade ist aktiv
Wonderful Result
SAIL Q4FY21

Revenue at 23285cr vs Poll of 22850cr

Adjusted EBITDA at Rs.7304cr vs Poll of 6488cr

Adjusted Margins at 31.4% vs Poll of 25.2%

Employee costs included wage revision of 1150cr

Net debt down ₹16131 Cr in FY21
FibonacciHead and ShouldersSupport and Resistance

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