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STEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIA

STEEL AUTHORITY OF INDIA

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SAIL trade ideas

CLOSING ABOVE 124 IS THE BUY CALL - SAIL ON SAILEverything is pretty much explained in the picture itself. I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience. I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions. Kindly check my older shared stock results on my profile to make a firm decision to invest in this. For any query kindly dm. Thank you and invest wisely.
NSE:SAILLong
by Abhishekingx
3
STEEL AUTHORITY OF INDIA S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SAIL
by zenthosh
Technical Analysis of Steel Authority of India (SAIL)Technical Analysis of Steel Authority of India (SAIL) Overview of the Stock - The provided chart presents a 1-hour timeframe for Steel Authority of India (SAIL) on the NSE. Key indicators include price, EMA (200), and RSI (14). Technical Analysis based on Price Action Short-term Trend: The price is currently below the 200 EMA, suggesting a potential bearish bias in the short term. Recent Movement: The price has been relatively stable with minor fluctuations, indicating a lack of strong directional momentum. Technical analysis based on Indicators EMA (200): As mentioned, the price is below the 200 EMA, which is often considered a long-term trend indicator. This position could exert downward pressure on the price. RSI (14): The RSI is currently at 21.33, which is in the oversold territory. This suggests that the stock might be due for a rebound or a period of consolidation. However, it's important to note that oversold conditions don't guarantee a price increase. Potential Outlook of the Stock - Based on the information fetch with the technical analysis of the chart, here are some potential scenarios: Continued Consolidation: The price might continue to fluctuate within a narrow range, especially if the RSI remains in the oversold region. Downward Pressure: If the price breaks below recent lows and the RSI fails to show signs of divergence, it could indicate further downside potential. Potential Rebound: A move above recent highs and a simultaneous increase in RSI could signal a potential bullish reversal. Remember: Technical analysis is just one tool in an investor's toolkit. It's essential to combine it with fundamental analysis and risk management strategies. Disclaimer: This analysis is based solely on the provided chart and does not consider fundamental factors. It's crucial to conduct thorough research and consider multiple factors before making investment decisions. Thanks for your support as always
NSE:SAILLong
by ForexTrader4all
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
1
SAIL UPMOVE?Sail can give a possible UPMOVE with a decent stoploss and for good Targets as it is sustaining and consolidating at a good price one can enter with a small risk if it sustains above given level.. ENTRY - 153 STOPLOSS - 150 TARGETS - 158, 160, 165++ Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back I'm not sebi registered this is my personal view Please like or boost my idea if you like it or traded it Thankyou
NSE:SAILLong
by chaitanya1692
3
SAIL- AnalysisBullish Levels -above 124 then 142 (CMP is above this) then 162 to 167 then 181 (Safe entry day closing above this) then 217 above this more bullish then 248 to 256 293 then 330 to 338 above this more bullish 369 then 406 then 421 then 443 then 481 or 505 to 509 Bearish levels :- Below 119 (SL for Swing trade term Investor) then 104 then 85 then 81 to 77 then 68 to 66 (SL for Long term Investor) below this more bearish. Major Targets : 218 then 329 481 or around 509 **Consider some Points buffer in above levels **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:SAIL
by PrashantTaralkar
2
SAIL - Steel Author India - An Opportunity to Buy & HoldSAIL - Steel Author India :- As per previous chart history and my technical analysis, there are mixed signals for SAIL observed but I suggest to buy this stock either at CMP@144.76 or wait for a DIP or buy at breakout as suggested on the chart Technical Analysis of SAIL - Steel Authority of India Bullish signs: Price momentum: SAIL's stock price is currently trading above its 150-200 day moving average, which suggests an upward trend. Chart patterns: :- It is observed that it completed "cup and handle" pattern, which can indicate a potential price increase. Support levels: The stock is finding support around 150 rupees. Bearish signs: Moving averages: Several technical indicators on TradingView show a "strong sell" signal based on moving averages. Conclusion:- SAIL offers a mix of bullish and bearish signals, with moving averages leaning towards a sell. But I am bullish in this stock for long time investment plan. This is my personal opinion Important to Remember: Technical analysis is not a perfect science and should only be one part of your investment decision-making process. Consider fundamental factors like company financials and overall market conditions as well. Do your own research and never base your decisions solely on someone else's analysis. Also I am NOT SEBI registered person to suggest any stock and this is my personal opinion about the stock Thanks for your support as always
NSE:SAILLong
by ForexTrader4all