Overall Technical outlook

Price Summary

Steel Authority of India Limited's stock tumbled -3.2% today, marking a poor performance in the market.
On 2025-04-25, Steel Authority of India Limited's stock opened at 118.6, reached a high of 120.35, dropped to a low of 113.39, and closed down -3.2% at 114.81, with a trading volume of 24594588 shares.
In the past year, the highest stock price was 174.35, and the lowest was 100.02.
Analysts' predictions indicate that SAIL's future price will be between 60.0 and 151.0, with a mean price expectation of approximately 109.26923.

Technicals

Support and Resistance: At 114.81, the price is held up by support at 110.59 and faces resistance at 116.1 for SAIL. This suggests a trading range where 110.59 provides a base and 116.1 limits upward movement.
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Support/Resistance for SAIL


Aroon: A strong bullish trend is currently indicated by the AROON. The Aroon Up has shown an increase, while the Aroon Oscillator has reversed, signaling a possible upward trend reversal. This suggests that market sentiment is shifting towards a more optimistic outlook, with the potential for continued price increases in the coming period.
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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 continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for SAIL.
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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, though it remains above 80, hinting at the possible start of a bearish price move. This suggests that the market may be losing its recent strength, with a potential decline ahead. Traders should be on the lookout for further evidence of a bearish trend for Steel Authority of India Limited.
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Stochastic chart for Steel Authority of India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for Steel Authority of India Limited. This suggests a period of market balance, where neither side is showing dominance.
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Tripple SMA chart for Steel Authority of India Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.