Overall Technical outlook

Price Summary

On 2025-05-30, SAIL's stock opened at 130.05, reached a peak of 130.7, dropped to 128.8, and ended -0.67% down at 129.18, with a volume of 11117847 shares.
During the past 52 weeks, the highest stock price was 166.35, and the lowest was 100.02.
According to 26 analysts, the price of SAIL in the future is projected to be between 60.0 and 151.0, with an average expected price of 109.65385.

Technicals

Support and Resistance: At 129.18, the price is supported by 121.19 and resisted by 129.26. This indicates that the price for Steel Authority of India Limited might fluctuate between these levels, with 121.19 acting as a support and 129.26 limiting further upward movement.
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Support/Resistance for SAIL


Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Steel Authority of India Limited. This suggests a period of market balance, where neither side is showing dominance.
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Aroon chart for Steel Authority of India Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Steel Authority of India Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Steel Authority of India Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Steel Authority of India Limited


Stochastic: The K-line for SAIL has dipped below the D-line on the stochastic indicator, while remaining above 80, suggesting that a bearish price move might be beginning. This pattern could indicate that the market's upward momentum is fading, possibly leading to a decline. Investors should keep an eye on this potential reversal.
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Stochastic chart for Steel Authority of India Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory.
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Tripple SMA chart for Steel Authority of India Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.