SAIL strugging around 20 dma.

of course it has closed positive on last Friday closing above it.
it appears it will jump from this congestion zone .
quarterly result performance is not affecting stock price for
example Bhel.
Though its quarterly result is not so good
It is having a spectacular rally.
SAIL and BHEL happen to be maharatna public sector enterprizes
of govt of India.
Looking for same type of rally from SAIL.
please go through my previous posts of SAIL

Comment:

SAIL has closed below 20 dma hence no trade should be initiated unless it closes above 20 dma