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Technicals for Steel Authority of India Limited
By MusingTheNews
2025-12-15 20:56
Overall Technical outlook
Price Summary
On 2025-12-10, Steel Authority of India Limited's stock started at 128.5, soared to 130.32, dropped to 127.72, and finished the day 0.02% up at 128.52, with a trading volume of 8905731 shares. The top price for the stock in the last 52 weeks is 144.72, with the bottom price being 100.02. As per recommendations from 26 analysts, SAIL's future price is expected to span between 90.0 and 155.0, with a mean price around 125.80769.
Technicals
Support and Resistance: The price of 128.52 is supported at 125.15 and capped by resistance at 128.77. These levels mark key points for Steel Authority of India Limited where the price could find stability, with 125.15 as a floor and 128.77 as a ceiling. Support/Resistance for SAIL
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Steel Authority of India Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Steel Authority of India Limited
Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains. Parabolic Stop and Reverse chart for Steel Authority of India Limited
Stochastic: The Stochastic K-line has dropped beneath the D-line and is below 20, indicating a mildly bearish outlook. This suggests that the market might experience some downward movement, though the bearish sentiment is mild. Investors should keep an eye on this trend for further confirmation. Stochastic chart for Steel Authority of India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, with their slopes further confirming the strength of this trend. The consistent downward movement of these averages suggests a robust bearish momentum, indicating that the market is likely to continue its decline. This alignment and the reinforcing slopes point to a strong and persistent bearish trend, with little sign of a reversal in sight. 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.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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