Stock of the day : Steel Authority of India Ltd by Target Rs. 165

2026-04-02 11:00:11 am | Source: Religare Broking Ltd

Stock of the day : Steel Authority of India Ltd by Target Rs. 165 - Religare Broking Ltd

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Steel Authority of India Ltd

* SAIL exhibits a constructive bullish technical setup, with price action stabilizing post-correction and showing early signs of upward momentum resumption.

* Current formation indicates strengthening demand at lower levels, suggesting accumulation, while rising volumes on advances reflect renewed buying interest.

* The formation of higher lows reinforces the positive bias, and a decisive breakout above recent swing highs may confirm trend continuation.

* Investors may consider initiating long positions within the specified range.

Buy Steel Authority of India Ltd CMP 155.82 Range 155-156 SL 985 Target 165

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Stock of the day : Steel Authority of India Ltd by Target Rs. 165 - Religare Broking Ltd

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