Overall Technical outlook

Price Summary

Steel Authority of India Limited's stock, on 2026-02-03 opened at 154.5, climbed to a high of 156.05, dropped to a low of 149.04, and closed up -0.09% at 154.36, with 32026954 shares traded.
The stock's highest value over the last 52 weeks is 157.18, and the lowest value is 100.02.
Based on recommendations from 26 analysts, the future price of SAIL is expected to range from 90.0 to 190.0, with an average price expectation around 131.46153.

Technicals

Support and Resistance: The price is currently at 154.36, supported by 144.72 and resisted by 157.18. This indicates a range where 144.72 may provide a base for the price, while 157.18 serves as a cap on further upward movement for SAIL.
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Support/Resistance for SAIL


Aroon: The current state of the AROON 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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Aroon chart for Steel Authority of India Limited


Bol. Bands: The BOLL BANDS 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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Bolinger Bands chart for Steel Authority of India Limited


Parabolic SAR: The PSAR continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term.
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Parabolic Stop and Reverse chart for Steel Authority of India Limited


Stochastic: The STOCHASTIC 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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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, 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 shows signs of weakening for SAIL.
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Tripple SMA chart for Steel Authority of India Limited


A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.