SAIL positional trade above 90.50
Updated
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India
Technically it is forming inverse Head and shoulder
Breakout is above 90.50
Target 94/98/104
SL 83
Can add once breakout above 90.50 and some near retest level of 88
Fundamentally
Debt to equity is below 1
Trading below book value ( BV is 131 )
Industry PE is at 12 where stock PE is near 8
Market cap of company is 36741 where total sales is near 106841 ( as per the data I follow )
And Major thing is Whole metal sector is performing
Technically it is forming inverse Head and shoulder
Breakout is above 90.50
Target 94/98/104
SL 83
Can add once breakout above 90.50 and some near retest level of 88
Fundamentally
Debt to equity is below 1
Trading below book value ( BV is 131 )
Industry PE is at 12 where stock PE is near 8
Market cap of company is 36741 where total sales is near 106841 ( as per the data I follow )
And Major thing is Whole metal sector is performing
Note
Almost 101
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