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Steelauthority

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 vicky252
SEIL - 300% RETURNS + SWOT ANALYSIS !!!BUY - STEEL EXCHANGE IND CMP - Rs. 16 Target - 1: Rs. 21 Target - 2: Rs. 32 Target - 3: Rs. 64 . . Technicals - 1) Bullish Flag nearing a breakout. . . Fundamentals - Steel Exchange India Limited (SEIL) is a leading manufacturer and supplier of a wide range of steel products in India. The company was established in 1999 and is headquartered in Hyderabad, Telangana. SEIL is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). 1) Financial Performance: SEIL's revenue for the fiscal year 2020-2021 was INR 4,705.85 million, up from INR 4,176.54 million in the previous year. Its net profit for the same period was INR 70.24 million, up from INR 28.57 million in the previous year. The company's EBITDA margin for the fiscal year 2020-2021 was 7.32%, up from 6.63% in the previous year. 2) Strengths: a) Diversified product portfolio: SEIL offers a wide range of steel products including TMT bars, wire rods, billets, and sponge iron, catering to the needs of various industries such as construction, infrastructure, and automobile. b) Strong distribution network: SEIL has a wide distribution network of more than 500 dealers and distributors spread across India, enabling it to reach a large customer base effectively. c) Focus on sustainability: SEIL has a significant focus on sustainability, with its manufacturing plants being energy-efficient and environmentally friendly. d) Strong financial performance: SEIL has consistently delivered strong financial performance, with steady revenue growth and improving profitability. 3) Weaknesses: a) Dependence on the domestic market: SEIL's operations are primarily concentrated in India, making it vulnerable to the economic and political conditions in the country. b) Exposure to raw material price volatilities: SEIL is exposed to the price volatilities of raw materials such as iron ore and coal, which can impact its profitability. c) Intense competition: SEIL operates in a highly competitive market, facing competition from both domestic and international players. 4) Opportunities: a) Growth in the construction and infrastructure sector: With the Indian government's focus on infrastructure development, SEIL can benefit from the growth in the construction and infrastructure sector. b) Increasing demand for steel: The demand for steel in India is expected to increase in the coming years, driven by various factors such as urbanization, industrialization, and increasing disposable income. c) Expansion into international markets: SEIL can explore opportunities to expand its operations into international markets, leveraging its strong product portfolio and distribution network. 5) Threats: a) Economic and political instability: Any economic or political instability in India can impact SEIL's operations and financial performance. b) Regulatory changes: Any changes in the regulatory environment can impact SEIL's operations and profitability. c) Fluctuations in foreign exchange rates: SEIL's exposure to foreign exchange rate fluctuations can impact its profitability. . . . Follow me for more! . . This is just a view by an expert analyst, please trade at your own risk.
NSE:STEELXINDLong
by nilakshgupta
1
SAIL Analysis !!📈 SAIL 📉 Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis. On Buy Side I am looking for Targets of 114, 129 followed 143. StopLoss should be kept at 93. It offers 1:4 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:SAILLong
by ShelendrAgrawal
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.
NSE:SAILLong
by vicky252
Simple Trade Setup | SAIL | 16-09-2021 NSE:SAIL Observations: 1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level. Please refer below chart : Daily time frame. 2) On daily time frame: It has been respecting the support zone and keep on taking support from it. Support Zone if from 118.55 to 120 level. Please refer below chart : Daily time frame. 3) On 1hr time frame it has been trading between 118.60 to 123.75 level since more than 7 days. Breakout of any level will give move on respective side. Please refer below chart : 1 hr time frame. ------------------------------------- Trade Setup for Date 16-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL.
NSE:SAIL
by Trading_hawk
17
Simple Trade Setup | SAIL | 16-08-2021NSE:SAIL On daily time frame it has taken support from 50DMA range on 11 Aug and 13 Aug. And on 13 Aug, it closed above 21DMA and 50DMA. This is a sign of reversal is coming in trend. Please refer below chart. ------------------------------------------------------------- And If you see, since Novemebr 2020 it has traded below 50DMA for very less time and 50DMA range is working as good support level and reversal. It could be good positional trade if it closes above 136. Positional Buy Trade Target will be 150. So from Daily time frame we can see there might be the chance of reversal of the trend. ------------------------------------------------------------- Simple Trade Setup | 16-08-2021 On 15min time frame it made a rounding bottom pattern. If it breakout this pattern succefully then we can see uptrend in this stock. Indicator to use. 1) RSI (14) 2) 50MA 3) 21MA Time Frame: 15min (in general) and 5min(during the trading to check the price action once it breaks the levels). Things to observe and Action to take. 1) Avoid trading for initial 15-20 min and let it get settled. Don't jump in to trade even if it is moving quick up or down. 2) If it opens above 135 and trade above 135 and takes support from 135 then need to check RSI if it really breaks that trendline on RSI and stays above it. Then 135 level will be the entry for buy Trade with quick target of 137. 3) If it opens above 135 and breakdown 135 level then wait till it goes to 50MA on 15min time frame and from 50MA it takes support from but then it faces resistance from 135 level and at the same time if RSI is facing resistance from that trendline then it will be confirm short trade with SL of 136.50. But if it breakout 135 level and RSI is above that trendline then it will be confirm buy trade with SL of 133.50. All the marked levels will work as target. 4) If it opens between 133-135 then breakout of either side will give quick trade and in that RSI has to breakout that trendline for buy trade or RSI has to break down that trendline for short trade. 5) Safe Buy trade entry will be breakout of 137 level. 6) Safe sell trade entry will be breakdown of 133 level with 50MA on 15min time frame. Hope I made it simple to understand it. Chart and levels are easy to understand. Comment your doubt or suggestion. All the best for next week.
NSE:SAIL
by Trading_hawk
SAIL - Long : Buy & Accumulate NowSAIL - Trading at Buy & Accumulate zone Buy zone:127-110 Upside Target: 152 Support Levels: 110, 82 **************************************************************************************************************************************************************** You can also see my other stock analysis and the performance of achievement/judgment in my profile ideas. Please follow me , If you would like to see more ideas on stock movement ******************************************************************************************************************************************************************************************************************************** **Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index. ********************************************************************************************************************************************************************************************************************************
NSE:SAILLong
by pmosesoliver
2