Sail is taking support at its trend line formed previously in pennant chart pattern and may go for a target up to 145-147, strict stop-loss at the trend line if the market does not show up a big profit booking also some profit booking came in sail be cautious while having trade and do your own analysis before entering and also it may form ascending triangle formation
Bro I invested Yesterday at 147, What to do Suggest me.
Manish_Mangla
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I might be wrong or right if wrong forgive me I'm too learning keep focus on learning rather than earning i too have lost 30k in market
@itsjayprakash, Brother first remember why you brought it at that price, the reason might be that you like the business strategy of this company or you brought on any recommendation, before investing in any company you should first look strictly at what levels you are entering. It's just 15 - 20 days it moved up by 50-60% this much movement is too rare some stock may even take years to do so, you know why it did this because their business strategy is good there management is good so if you believed on this company yesterday while buying at 147 what happened today don't be scary if you believe on its management then it is gonna boom again you would know after a good momentum every stock will show some Time-Consolidation if you are going for long term then you should buy at a value level now SAIL is trading at high levels after such a big move there will be some profit booking in it. Now it may consolidate in some range for some time for further up move but there will not be too much down fall so don't be scary downfall is because of profit booking keep if you going for long term it keep stop loss at 137 thanks
itsjayprakash
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@Manish_Mangla, Oh Thank You So much Brother for all of this..