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2026-04-07 11:36:06 am | Source: Religare Broking Ltd
Stock of the day : Steel Authority of India Ltd by Target Rs. 170 - Religare Broking Ltd
Stock of the day : Steel Authority of India Ltd by Target Rs. 170 - Religare Broking Ltd

Steel Authority of India Ltd

* SAIL exhibits a constructive price structure characterized by a sustained higher high - higher low sequence, confirming a prevailing uptrend.

* The formation indicates potential for more upside, supported by rising volumes while pullbacks would provide buy on dips opportunities.

* A breakout above the recent swing high reinforces bullish momentum, while the trend remains intact as long as key support levels hold.

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

Buy Steel Authority of India Ltd CMP 160.44 Range 159-161 SL 155 Target 170

 

 

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