Break Out Trade in Steel Authority of India Ltd. (SAIL)

Date: 4-Apr-2022
Rating: Buy.
LTP: Rs. 106.40
Target: Rs. 125-->150
SL: 95

SAIL has given a break out from its primary down trend. 7D EMA has crossed over 13D and 26D EMA. MACD cross over is already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence.

Disclaimer: I am not a SEBI registered analyst/consultant. I am not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.

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