SAIL - Steel Author India:- As per previous chart history and my technical analysis, there are mixed signals for SAIL observed but I suggest to buy this stock either at CMP@144.76 or wait for a DIP or buy at breakout as suggested on the chart
Technical Analysis of SAIL - Steel Authority of India
Bullish signs:
Bearish signs:
Moving averages: Several technical indicators on TradingView show a "strong sell" signal based on moving averages.
Conclusion:- SAIL offers a mix of bullish and bearish signals, with moving averages leaning towards a sell. But I am bullish in this stock for long time investment plan. This is my personal opinion
Important to Remember:
Technical analysis is not a perfect science and should only be one part of your investment decision-making process. Consider fundamental factors like company financials and overall market conditions as well. Do your own research and never base your decisions solely on someone else's analysis. Also I am NOT SEBI registered person to suggest any stock and this is my personal opinion about the stock
Thanks for your support as always
Technical Analysis of SAIL - Steel Authority of India
Bullish signs:
- Price momentum: SAIL's stock price is currently trading above its 150-200 day moving average, which suggests an upward trend.
- Chart patterns::- It is observed that it completed "cup and handle" pattern, which can indicate a potential price increase.
- Support levels: The stock is finding support around 150 rupees.
Bearish signs:
Moving averages: Several technical indicators on TradingView show a "strong sell" signal based on moving averages.
Conclusion:- SAIL offers a mix of bullish and bearish signals, with moving averages leaning towards a sell. But I am bullish in this stock for long time investment plan. This is my personal opinion
Important to Remember:
Technical analysis is not a perfect science and should only be one part of your investment decision-making process. Consider fundamental factors like company financials and overall market conditions as well. Do your own research and never base your decisions solely on someone else's analysis. Also I am NOT SEBI registered person to suggest any stock and this is my personal opinion about the stock
Thanks for your support as always
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.