Ticker

Thursday, May 15, 2014

15-5-2014 - SAIL



            SAIL is in an uptrend with a sustained move since the start of this month. Today SAIL has made a high of 77.40 and closed at 76.05. Tomorrow there will be a result day for the election. Trading can a dangerous activity for tomorrow if in case the trade goes against you as a great volatility is expected. Only professional traders should trade with a strict Stop Loss. One can initiate
a long position in SAIL for the targets of 80 and 84. And a strict Stop Loss must be maintained at 72. As we said, that in case the trend goes against you, it can be very dangerous, but simultaneously if it in your favor, you will be benefited hugely. So we advise  you to trail your Stop Loss to the cost price once it crosses the first target and then trail for better gains. Needless to mention that Stop Loss is a life saving tool



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