13 Jan 2021 ● 03:11 PM
A lot of emotions around SAIL - especially after the government announced a lower price for an offer for sale. but that is just the govt willing to sell at a certain price to bidders. Once complete that becomes a new support level. In the meantime, I am not sure if this is the best wave count to switch to but I will consider it. That wave 3 ended and will result in a long consolidation especially as 3=1 as of now. Worth a thought. We could be coming close to the end of a 3rd if it still makes higher highs later as well. Eventually, it has to align with the sector.