SAIL Closes at `84.60 with a Fall of -4.50% on 16 May 2012 with formation of a Black Opening Marubozu Candle on Daily Price Chart .Technically, is looking Weak on Charts. Major Momentum Indicators are also Bearish. Trend Score is Turning Negative.
We Recommend to SELL: SAIL Below `83.06
Target : `78.75/66.00
Stop: Loss :`85.85
Time Frame: 5-20 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 begin_of_the_skype_highlighting +91 80171 98633 end_of_the_skype_highlighting Or SMS at +91 880 2230 836/ 8927670565.
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 begin_of_the_skype_highlighting +91 80171 98633 end_of_the_skype_highlighting Or SMS at +91 880 2230 836/ 8927670565.
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