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SAIL is seen sustaining breakout of 17-year downtrend channelSAIL is seen sustaining the breaking out of a 17-year downtrend channel on monthly charts, signaling a potentially powerful long-term reversal. 📈 Steel Authority of India (SAIL): Breaking Free from a 17-Year Technical Grip Steel Authority of India Ltd. (SAIL), one of India’s largest steel producers, is currently trading around ₹138.80 and showing signs of a major technical breakout. What makes this move noteworthy is that it’s emerging from a downward-sloping channel that has persisted since 2007–2008, spanning nearly 17 years. A breakout from such a long-term pattern is rare and often carries significant implications for future price action. 🔍 Understanding the Downtrend Channel A downtrend channel is formed when a stock consistently makes lower highs and lower lows, bounded by parallel trendlines. For SAIL, this channel has defined its price movement for over a decade, acting as a ceiling that repeatedly rejected upward momentum. Breaking above this channel suggests a shift in market sentiment—from bearish to bullish. 📊 Monthly Chart Breakout: Why It Matters Timeframe strength: Monthly chart breakouts are considered more reliable than daily or weekly ones because they reflect long-term investor behavior. Volume confirmation: Sustained breakout levels often coincide with increased trading volume, indicating institutional interest. Psychological shift: Surpassing a multi-year resistance level can trigger a wave of buying from traders who were previously cautious. 📈 Technical Indicators Support the Move According to recent technical analysis: 📊 RSI Confirms Strength The Relative Strength Index (RSI), a key momentum indicator, is currently moving in the 50–70 range, with recent readings around 58.42. This range is considered a bullish zone, indicating that buying momentum is building without the stock being overbought. Sustained RSI levels above 50 often precede further upward movement, especially when aligned with a breakout. Price is above both 50-day and 200-day SMAs, reinforcing the strength of the breakout. These indicators collectively suggest that the breakout is not just a short-term anomaly but part of a broader trend reversal. 🧠 Investor Takeaway SAIL’s breakout from a 17-year downtrend channel is a textbook example of a long-term technical reversal. With supporting indicators like RSI, MACD, and moving averages aligning in favor of bulls, this move could mark the beginning of a sustained uptrend. Traders and investors may consider this a strong technical setup, but should also factor in macroeconomic conditions and sector fundamentals before making decisions. Live chart Example
NSE:SAILLong
by NANARKAR
SAIL (Weekly) - Can it SAIL past the resistances ?SAIL is showing signs of a potential turnaround after a prolonged downtrend that began in May 2024. This week, the stock executed a significant breakout from a long-term angular resistance trendline , a move accompanied by a healthy increase in volume and a price surge of +2.98% . This bullish development follows a period of consolidation that began after the downtrend reversed in January 2025. The stock is now testing a key short-term resistance level. Bullish Indicators to Note 👍 The positive outlook is supported by the following technical signals: - Breakout Confirmation: The move through the long-term trendline was validated by a notable increase in trading volume , indicating strong buyer participation. - Momentum: Short-term Exponential Moving Averages (EMAs) are in a positive crossover , signaling building upward momentum. Immediate Hurdles Ahead 🚧 Despite the positive momentum, a sustained rally depends on the stock's ability to overcome two significant upcoming resistance levels . The price action in the upcoming week will be crucial to watch for confirmation of the breakout's strength. Future Outlook and Key Levels - Bullish Case 📈: If the stock successfully breaks through the immediate resistances and the upward momentum continues, the next potential price target is ₹159 . - Bearish Case 📉: However, if the stock fails to clear these hurdles and momentum wanes, a pullback towards the support level of ₹117 is possible.
NSE:SAILLong
by Learn_with_Pth0mas
SAIL (Bird view) By KRS Charts28th May 2025 / 10:17AM Why SAIL?? 1. As we can see from above chart, it clearly turning Bullish Trend stock from Berish . 2. Fundamentally its Durable and is at decent valuation right now. 3. Technically, in 1D TF fake selling and Gap Down is visible showing sellers got trapped. Such move market gives when they need liquidity, and this can happen both the side. 4. Further Bullish traits Sell candles volume is getting lower and allover lower than bullish candles. which usually noticed when Stock turned bullish on bigger cycles. 5. 100 EMA is underneath in many significant timeframes which also indicates buyers had shown more interest in past and likely this time as well. Targets and Stop Loss is mentioned in Chart. Note: This is 1M TF view will be Medium to Long Term
NSE:SAILLong
by KRSCharts
#SAIL#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom. Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10 years but now it is probably trying to take support around it. Also, RSI is making HLs off late, which is probably a good sign. In terms of R:R, this is currently a good bet on long side. As usual, DYOR and this isn't a Buy or Sell reco - but just an educational purpose post
NSE:SAIL
by aktradelearning
4
Nifty may give more downside soon As expected in yesterday's commentary we did see a pullback in NSE:NIFTY and it also closed below yesterday's support. Today again we have a supply candle in the index. Sellers have exceeded Buyers by 62 million volume. You can also see on chart that momentum is also falling Which means selling can continue. However, tomorrow is weekly expiry so more of a tight Sideway day is expected. Support would be 25395 and Resistance 25495. If breaks above this and settles for few hours then 25600 would be next target. If we drift below the support then 25333 is the next crucial point downward. For NSE:BANKNIFTY the next Support is 56100. Resistance at 57280. I am not opening any new positions just doing momentum trading like I did in NSE:SAIL today. Will be doing same until the Pivot Low is created at weekly support. NSE:CNXPSUBANK Index still on momentum so keep it on radar and find out a good setup. That will be all. Take care. Have a profitable tomorrow. #Learning is Earning 📚
NSE:NIFTYLong
by Trendxinc
SAIL showing signs of reversal: Worth taking the small risk!⚡ Price Analysis: 1️⃣ Price near trendline support. 2️⃣ Price tapped the demand zone in higher tf. 3️⃣ Price structure need to form HH-HL to confirm the trend reversal. ⭐ Key Observations: ➡️ Expecting some good momentum buildup else there is a risk of a breakdown on the lower side. ➡️ All timeframes aligned for potential upside move. ➡️ Perfect RRR (Risk-Reward Ratio) setup forming at these levels. ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 What are your thoughts on this share it in the comments below. ✌️ 🔥 Happy Trading!✅🚀
NSE:SAILLong
by SuperNova396
2
'Strongly Bullish' on SAIL for long term; Weekly Chart analysedThe stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% . SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% . In terms of price action, the stock is trading well above all the short-term and long-term moving averages. RSI is above 50 and MACD gave bullish crossover above its signal line on 2nd March 2023. Based on bullish moving averages and technical indicators, it is expected that the stock's price will continue to rise towards the assigned targets, with a recommended stop loss of 83 on a closing basis.
NSE:SAILLong
by finvestar
Just A View - SAIL📊 Script: SAIL 📊 Sector: Steel 📊 Industry: Steel Key highlights: 💡⚡ 📈 Script is trading at its support level, we may see some good rally from here. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 147 🟢 Target 🎯🏆 - 162 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:SAILLong
by radha_23
SAIL: Steel Authority of India Ltd - Breakout ViewDate : 8-Jul-2024 Rating : Buy - Positional View LTP : Rs. 155.61 (on 5-Jul-2024) Targets: (1) Rs. 175 --> (2) Rs. 188 --> (3) Rs. 210 SL : Rs. 140 on daily close basis Technical View: • NSE:SAIL is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 175.35 on 22-May-2024, it has retraced 29% to 124.80 level. • On 5-Jul-2024, NSE:SAIL has broke out from its secondary down trend with higher than average volume. • NSE:SAIL is trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 54.16 and MACD is about give cross over. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and 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. Ideas are published for learning purpose only.
NSE:SAILLong
by vikrant_252