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STEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHSSTEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHSSTEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHS

STEEL AUTHORITY OF INDIA GDR EACH REP 3 ORD SHS

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STEEL AUTHORITY OF INDIA ATH SOON! The Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL's stock has been performing well recently, gaining for the fifth consecutive session. The stock is currently quoted at ₹127.8, up 0.78% on the day SAIL has declared an equity dividend amounting to ₹2.00 per share in the past 12 months. At the current share price of ₹126.13, the dividend yield is approximately 1.58% Also, check out past posts about NSE:IOC And NSE:NCC subject to the same analysis and pattern followed by a breakout and reversal towards All Time High rocket.
BSE:SAIL
by vkfincare09
Potential Bullish Setup for Steel Authority of India (SAIL)Chart Structure: The stock is moving within a well-defined ascending channel, connecting Common Bottoms and Common Tops over the long term. Currently, the price is bouncing off the lower boundary of this channel, signifying a strong support level. Key Observations: Doji Candle Formation at support indicates a potential reversal signal. This aligns with the S&R Flip zone , where prior resistance has now become strong support. The overall trend remains bullish, as highlighted by the steady uptrends after each Time Correction phase . This suggests continuation towards the upper end of the channel. The immediate resistance lies near ₹140 , with the Supply Zone observed around ₹220-₹240. Trade Plan: Entry : Around current levels near ₹115-₹118, as the price holds the channel support. Target 1 : ₹140 (near-term resistance). Target 2 : ₹190-₹200 (upper channel boundary). Stop Loss : Below ₹108 (break of channel support and S&R Flip level). Risk-Reward Ratio: The setup offers an attractive risk-to-reward ratio of approximately 1:3, making it favorable for swing trading. Caution : A sustained breakdown below ₹108 may invalidate this bullish scenario. #SteelAuthorityOfIndia #SAIL #SwingTrading #TechnicalAnalysis #PSU
NSE:SAIL
by MyT_Trader
SAIL 04-10-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me. Points to Note: 1) strong support trendline and support area are near. good bounce will/may happen at support. 2) very good stock to add in portfolio for long term. Disclaimer: I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
NSE:SAILLong
by anto1989
SAIL 1DSwing Trading Setup for SAIL 1. Support and Resistance Zones: Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image). Resistance Levels: ₹144 (nearest resistance where the price is reacting now). ₹155 (next major resistance level). ₹176 (long-term resistance). 2. Current Price Action: The price is currently trading near the ₹141 level, facing resistance around ₹144 after a recent breakout from the ₹137.71 area. 3. Setup Logic: Entry: Look for a pullback to the ₹137.71 level or a breakout above the ₹144 resistance. If the price pulls back, wait for a bullish reversal signal around ₹137.71 before entering. Alternatively, if the price breaks above ₹144 with strong momentum, consider entering on the breakout with volume confirmation. Stop Loss: For a pullback entry, place the stop loss below ₹136 to give the trade some room. For a breakout trade, place the stop loss slightly below the ₹144 resistance (around ₹142) Take Profit: The first target can be set at the ₹155 resistance. The second target could be ₹174-₹176 for a longer-term swing. Risk-to-Reward: Ensure at least a 1:2 or 1:3 risk-to-reward ratio. If entering near ₹137 with a stop loss at ₹136 and a first target at ₹155, you would aim for a reward of ₹18 while risking ₹1 (R of 1:18). 4. Additional Confirmation: Use an oscillator like RSI or Stochastic to check for overbought/oversold conditions. Volume spike during the breakout or at the support level will add confirmation to the setup. Summary: Entry: Around ₹137.71 on a pullback or above ₹144 on a breakout. Stop Loss: ₹136 (for pullback), ₹142 (for breakout). Targets: ₹155 and ₹174-₹176. Risk Management: Use at least a 1:2 risk-to-reward ratio.
NSE:SAILLong
by vinitsugandh