SAIL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Steel Authority of India Ltd. (SAIL)

📊 Trend Analysis

Current Trend: SAIL is in a strong uptrend, trading above both its 50 DMA and 200 DMA. The stock has rebounded significantly from its 52-week low of ₹99.2 and is approaching its recent high of ₹144.

Momentum: Bullish. RSI at 63.4 and MACD at 2.15 indicate continued strength, though RSI is nearing overbought territory.

📈 Moving Averages

50 DMA: ₹128

200 DMA: ₹124

Current Price: ₹133

Interpretation: Price is well above both averages, confirming a bullish bias. The rising slope of both DMAs supports trend continuation.

📉 MACD & RSI

MACD: Positive and rising, signaling bullish momentum.

RSI: At 63.4, approaching overbought zone (>70), but still in a healthy range for continuation.

Conclusion: Momentum indicators support a buy-on-dips strategy, with caution near resistance.

📊 Volume Trends

Current Volume: 66.5 lakh

1-Week Avg Volume: 60.3 lakh

Interpretation: Volume is above average, confirming strong participation and potential accumulation.

📉 Bollinger Bands

Price is likely near the upper band, indicating strength but also short-term resistance. A breakout above ₹135–₹138 with volume would confirm continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 128 50 DMA, short-term support

Support 2 124 200 DMA, strong base

Resistance 1 138 Near-term resistance zone

Resistance 2 144 52-week high, major ceiling

Resistance 3 150–155 Psychological breakout zone

🎯 Entry & Exit Zones

Optimal Entry: ₹128–₹130 (on pullback with volume support)

Exit Zone: ₹144–₹155 (partial profit booking near resistance)

🔍 Summary

Trend: Trending upward

Momentum: Bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹128–₹130 with breakout confirmation above ₹138. Target ₹144–₹155 over the next few weeks.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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