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Technicals for Steel Authority of India Limited
By MusingTheNews
2025-07-16 20:54
Overall Technical outlook
Price Summary
On 2025-07-15, Steel Authority of India Limited's stock opened at 133.81, spiked to 135.13, declined to 132.58, and closed 0.8% higher at 134.88, with 5595037 shares traded. The stock reached its highest price of 153.04 and its lowest price of 100.02 during the 52-week period. The future price of SAIL is anticipated to range from 80.0 to 155.0, with an expected mean price of 119.8, according to the recommendations of 25 analysts.
Technicals
Support and Resistance: The current price of 134.88 for SAIL finds support at 133.83 and resistance at 133.83. These levels define a range in which the price might oscillate, with 133.83 as a potential support and 133.83 as a resistance level. Support/Resistance for SAIL
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Steel Authority of India Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Steel Authority of India Limited
Parabolic SAR: The PSAR remains bearish, establishing a resistance level that could cap any potential upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for SAIL. Parabolic Stop and Reverse chart for Steel Authority of India Limited
Stochastic: The current reading of the STOCHASTIC is neutral for SAIL, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Stochastic chart for Steel Authority of India Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for SAIL is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for Steel Authority of India Limited
A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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