Steel Authority Of India Limited Steel Authority Of India Limited, Steel Authority of India announced that the 52th Annual General Meeting (AGM) of the company will be held on 26 September 2024.
SAIL trade ideas
STEEL AUTHORITY OF INDIA S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Technical Analysis of Steel Authority of India (SAIL)Technical Analysis of Steel Authority of India (SAIL)
Overview of the Stock - The provided chart presents a 1-hour timeframe for Steel Authority of India (SAIL) on the NSE. Key indicators include price, EMA (200), and RSI (14).
Technical Analysis based on Price Action
Short-term Trend: The price is currently below the 200 EMA, suggesting a potential bearish bias in the short term.
Recent Movement: The price has been relatively stable with minor fluctuations, indicating a lack of strong directional momentum.
Technical analysis based on Indicators
EMA (200): As mentioned, the price is below the 200 EMA, which is often considered a long-term trend indicator. This position could exert downward pressure on the price.
RSI (14): The RSI is currently at 21.33, which is in the oversold territory. This suggests that the stock might be due for a rebound or a period of consolidation. However, it's important to note that oversold conditions don't guarantee a price increase.
Potential Outlook of the Stock - Based on the information fetch with the technical analysis of the chart, here are some potential scenarios:
Continued Consolidation: The price might continue to fluctuate within a narrow range, especially if the RSI remains in the oversold region.
Downward Pressure: If the price breaks below recent lows and the RSI fails to show signs of divergence, it could indicate further downside potential.
Potential Rebound: A move above recent highs and a simultaneous increase in RSI could signal a potential bullish reversal.
Remember: Technical analysis is just one tool in an investor's toolkit. It's essential to combine it with fundamental analysis and risk management strategies.
Disclaimer: This analysis is based solely on the provided chart and does not consider fundamental factors. It's crucial to conduct thorough research and consider multiple factors before making investment decisions.
Thanks for your support as always
Steel Authority of India Ltd.*Steel Authority of India Ltd*
*SAIL*
_CMP: 147_
C&H on Decadal basis.
Strong Price BreakOut & Sustained.
Strong Vol Consolidation & Continued Traction.
RSI: Week on 1H TF. In Bullish Zone on D/W/M basis.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Monthly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do your own research as well. This is an Opinion*
*_Happy Investing_*🤓
Steel Authority of India Ltd.*Steel Authority of India Ltd*
*W* Formation on Weekly Basis.
Volume building up.
Price BreakOut Needed. To be Sustained.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do your own research as well. This is an opinion.
*_Happy Investing_*🤓
Just A View - SAIL📊 Script: SAIL
📊 Sector: Steel
📊 Industry: Steel
Key highlights: 💡⚡
📈 Script is trading at its support level, we may see some good rally from here.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 147
🟢 Target 🎯🏆 - 162
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SAIL UPMOVE?Sail can give a possible UPMOVE with a decent stoploss and for good Targets as it is sustaining and consolidating at a good price one can enter with a small risk if it sustains above given level..
ENTRY - 153
STOPLOSS - 150
TARGETS - 158, 160, 165++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
SAIL- AnalysisBullish Levels -above 124 then 142 (CMP is above this) then 162 to 167 then 181 (Safe entry day closing above this) then 217 above this more bullish then 248 to 256 293 then 330 to 338 above this more bullish 369 then 406 then 421 then 443 then 481 or 505 to 509
Bearish levels :- Below 119 (SL for Swing trade term Investor) then 104 then 85 then 81 to 77 then 68 to 66 (SL for Long term Investor) below this more bearish.
Major Targets : 218 then 329 481 or around 509
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
SAIL - Steel Author India - An Opportunity to Buy & HoldSAIL - 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:
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
SAIL breakout from 17 year downtrendThis looks like this will blow up, potential targets and invalidation written in the chart!
SAIL - Reversal pattern in action!Monthly Time Frame:
Overview & Observation:
1. CHange in price structure from LL-LH to HH-HL
2. Good volume support
3. Bouncing from weekly demand and fib support zone.
4. Expected to continue to move higher.
5. Earnings are weak though!
Trade Plan:
1. Entry = cmp 154
2. Stop Loss = 10-12%
3. Target = 40%
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Sail is Sailing!A crucial level is broken at 174.90. Price is clearly indicating another up move on the chart, this is a retrace to another level. Start accumulating from 155 to 145 Levels. Targets on the higher sides are 234.5 and 290.
Keep eye on SAILStock restesting support after breakout
use fibonacci for targets
targets 181,200 (15%)
Sl 3%
Educational purpose only
News of BJP will br in power can push all infra related stocks.
SAIL - The Steel that Sank the Titanic Vs Steel that Sails :) :)Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels
It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets
Long Term View:
Quarterly Chart shows a Falling Parallel Channel Breakout + Retest & Strong Bounce
Long Term Targets are 235, 280
Short Term View:
On Daily chart, price has formed a Fresh Rounding Bottom BO above 170 for Target of 190
Summary:
Upcoming Targets - 190, 235, 280++
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
SAIL - 50-70% ROI Potential with an RR of 1:3 - MidTermPotential1) Stock is in uptrend in Monthly , weekly.
2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same.
3) Weekly Price shows Morning star reversal.
Note : This stock has not participated in the bull rally of 2023.
Entry - Anywhere between 122-135. I see aggressive entries can be planned at 135.
Targets - 151, 170, 190-200, 260
STOP LOSS - Would consider exit only if monthly closes below 108.
SAIl ready to sail rough seas ⛵NSE:SAIL
now SAIL is cyclical stocks
on doorstep of multiyear breakout
it's PSU - now that's in flavor
disc: no investment , sharing for knowledge
$NSE:SAIL looking Bullish and ready for an Upmove.NSE:SAIL has formed Inverse Head and Shoulders in weekly chart and has successfully given breakout from Triangle taking support from 0.618 Fibonacci and if we check weekly chart it has also broken Ascending triangle pattern.
With current Fundamentals and Technicals NSE:SAIL looks strong and ready for one leg up around 160 and 180 in next few months and 200 to 250 in a year.
Those who want to buy NSE:SAIL can buy around 125 to 135 with a Stoploss of 115.
Targets are
-Short Term
1. 145
2. 150
3. 158
- Mid Term
1. 160
2. 180
3. 200
- Long Term
1. 219
2. 256
3. 293
Please note we are not SEBI registered and the idea above is for educational purpose only and for my own understanding. Please DYOR before taking any trade.
If you like my idea just give a share and boost and don't forget to follow.
SAILNSE:SAIL
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Steel Authority of India LtdTarget given in the chart
SL as per your appetite
Fundamental's
Market Cap
₹ 69,620 Cr.
Current Price
₹ 169
52 W High / Low
₹ 170 / 80.4
Stock P/E
20.6
Book Value
₹ 136
Dividend Yield
0.89 %
ROCE
5.89 %
ROE
3.57 %
Face Value
₹ 10.0
Price to book value
1.24
Intrinsic Value
₹ 163
PEG Ratio
0.35
Price to Sales
0.65
Debt
₹ 30,714 Cr.
Debt to equity
0.55
Int Coverage
2.94
Reserves
₹ 51,889 Cr.
Promoter holding
65.0 %
Pledged percentage
0.00 %
EPS last year
₹ 5.27
Net CF
₹ -74.4 Cr.
Price to Cash Flow
-13.2
Free Cash Flow
₹ -8,812 Cr.
OPM last year
7.70 %
Return on assets
1.55 %
Industry PE
18.7
Sales growth
0.45 %
SAILSail has round bottom pattern breakout with huge volume TGT up to 260 SL bellow 139
Educational purpose only
