4 Week Focus : Steel Authority of India Ltd For Target Rs.162 by Motilal Oswal Wealth Management

2025-11-11 11:31:12 am | Source: Motilal Oswal Wealth Management

4 Week Focus : Steel Authority of India Ltd For Target Rs.162 by Motilal Oswal Wealth Management

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Steel Authority of India Ltd

Buy SBI Life Insurance Ltd CMP 143.50 SL 134 TARGET 162 Risk : 6% Reward : 12%

* The stock has broken out of a long consolidation zone on the daily chart with a strong bullish candle.

* Rising volumes are visible on price up moves indicating accumulation.

* The RSI momentum indicator is rising which confirms the positive sentiment.

* We advise traders to buy the stock at CMP Rs. 143.50 with stop loss below Rs. 134 for potential target around Rs. 162 in 4 weeks.

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4 Week Focus : Steel Authority of India Ltd For Target Rs.162 by Motilal Oswal Wealth Management

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