Overall Technical outlook

Price Summary

Steel Authority of India Limited's stock surged 2.21% today, marking a remarkable performance in the market.
Steel Authority of India Limited's stock started the year at 126.55, climbed to a high of 129.95, fell to 126.55, and closed 2.21% up at 129.35, with 7900125 shares traded on 2025-06-13.
The peak price for the stock in the past 52 weeks is 156.48, with the lowest price being 100.02.
26 analysts suggest that SAIL's future price will lie between 60.0 and 151.0, with an average expected price of roughly 109.65385.

Technicals

Support and Resistance: The current price sits at 129.35, supported at 121.19 and capped by resistance at 133.83. These levels define a range for SAIL where the price might stabilize, with 121.19 as a floor and 133.83 as a ceiling.
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Support/Resistance for SAIL


Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Aroon chart for Steel Authority of India Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Steel Authority of India Limited


Parabolic SAR: The PSAR maintains its bearish stance, establishing a resistance level that could cap any attempts at upward movement. This persistent bearish outlook suggests that the market may continue to face downward pressure, with resistance preventing significant gains.
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Parabolic Stop and Reverse chart for Steel Authority of India Limited


Stochastic: The current state of the STOCHASTIC 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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Stochastic chart for Steel Authority of India Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend for Steel Authority of India Limited, but the wavering slopes of the 20 and 50 SMAs indicate that this momentum may be weakening. This loss of strength could be a sign that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should watch for signs of a trend change as the current downtrend starts to fade.
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Tripple SMA chart for Steel Authority of India Limited


In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.