Overall Technical outlook

Price Summary

On 2026-04-30, Steel Authority of India Limited's stock opened at 184.98, reached a high of 185.4, dropped to a low of 179.7, and closed down -0.19% at 184.62, with a trading volume of 30438775 shares.
The highest price the stock achieved in the past 52 weeks is 186.16, while the lowest price it saw is 109.01.
Analysts' predictions indicate that SAIL's future price will be between 90.0 and 250.0, with a mean price expectation of approximately 148.44444.

Technicals

Support and Resistance: The current price is 184.62, with support at 165.59 and resistance at 185.63. This range suggests that the price might move between these levels, with 165.59 offering support and 185.63 capping further gains for Steel Authority of India Limited.
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Support/Resistance for SAIL


Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Aroon chart for Steel Authority of India Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Bolinger Bands chart for Steel Authority of India Limited


Parabolic SAR: The PSAR for SAIL maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Steel Authority of India Limited


Stochastic: The stochastic indicator reflects the K-line falling below the D-line, while remaining above 80, signaling the potential start of a bearish price move. This suggests that the market may be losing steam, with a possible decline on the horizon. Traders should monitor this development for further signs of a downturn.
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Stochastic chart for Steel Authority of India Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that this bearish momentum might be fading. This could be an early indication of a potential bullish reversal, as the market's current downward trend loses strength and prepares for a possible shift towards more positive price action.
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Tripple SMA chart for Steel Authority of India Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.