SAIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | SAIL | Market Cap | 76,258 Cr. | Current Price | 185 ₹ | High / Low | 189 ₹ |
| Stock P/E | 25.7 | Book Value | 136 ₹ | Dividend Yield | 0.87 % | ROCE | 6.73 % |
| ROE | 4.38 % | Face Value | 10.0 ₹ | DMA 50 | 164 ₹ | DMA 200 | 146 ₹ |
| Chg in FII Hold | 0.47 % | Chg in DII Hold | 0.56 % | PAT Qtr | 442 Cr. | PAT Prev Qtr | 645 Cr. |
| RSI | 73.1 | MACD | 7.57 | Volume | 3,12,90,012 | Avg Vol 1Wk | 3,35,05,307 |
| Low price | 106 ₹ | High price | 189 ₹ | PEG Ratio | -0.61 | Debt to equity | 0.60 |
| 52w Index | 94.6 % | Qtr Profit Var | 286 % | EPS | 6.61 ₹ | Industry PE | 22.9 |
📈 Chart Patterns & Trend: SAIL is trading near its 52-week high (₹189) with current price at ₹185. The stock is trending upward but showing signs of overbought conditions. Price is well above both 50 DMA (₹164) and 200 DMA (₹146), confirming strong bullish momentum.
📊 Indicators: RSI at 73.1 indicates overbought territory, suggesting possible short-term pullback. MACD positive at 7.57 confirms bullish crossover. Bollinger Bands show price near upper band, signaling stretched momentum.
🔎 Volume: Current volume (3.12 Cr.) is slightly below average weekly volume (3.35 Cr.), showing reduced participation at higher levels.
🎯 Entry Zone: ₹170–₹175 (near 50 DMA support)
🚪 Exit Zone: ₹188–₹192 (resistance near 52-week high)
Positive
- Strong YoY profit growth (+286%).
- Trading above both 50 DMA and 200 DMA, confirming bullish trend.
- FII holdings increased by 0.47% and DII holdings by 0.56%.
- Manageable debt-to-equity ratio of 0.60.
Limitation
- Weak ROE (4.38%) and ROCE (6.73%).
- Sequential PAT decline (₹442 Cr. vs ₹645 Cr.).
- Negative PEG ratio (-0.61) indicates poor growth valuation alignment.
- Low dividend yield of 0.87%.
Company Negative News
- No major negative news reported, but earnings volatility and weak efficiency metrics remain concerns.
Company Positive News
- Strong YoY profit growth and improved institutional participation.
- Stock trading near 52-week highs shows investor confidence.
Industry
- Industry PE at 22.9 is slightly lower than SAIL’s 25.7, suggesting premium valuation.
- Steel sector outlook supported by infrastructure demand and global recovery trends.
Conclusion
SAIL is in a strong uptrend but overbought near its 52-week high. Entry is favorable on dips around ₹170–₹175, with exit near ₹188–₹192. Momentum remains positive, but weak ROE/ROCE and earnings volatility limit long-term attractiveness.
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