SAIL share price rises 8% today. Check latest trend, RSI, MACD, support, resistance & stop-loss. Know if SAIL is a buy, sell or hold.
SAIL Share Price Movement Today
The Steel Authority of India Limited (SAIL) share witnessed strong upward momentum today, gaining over 8% from its previous close.
Here’s a quick overview of today’s data:
- Previous Close: ₹132.16
- Open: ₹133.37
- Day’s High: ₹143.19
- Day’s Low: ₹133.37
- Current Price: ₹140.50 (+8.31%)
The candle pattern formed is bullish, showing strong buying interest after testing the recent low near ₹132.05. The move also indicates a short-term recovery trend.
Technical Analysis of SAIL Share
RSI – Momentum Indicator
- RSI (Relative Strength Index): 66.55
The RSI indicates positive momentum, showing the stock is moving towards the bullish zone but nearing the overbought region.
MACD – Trend Confirmation
- MACD Line crosses above Signal Line, suggesting a bullish crossover and potential continuation of the uptrend.
Moving Average & Bollinger Band
- Price trading above SMA shows short-term bullish sentiment.
- Bollinger Band Levels:
- Upper Band: ₹137.92
- Middle Band: ₹132.15
- Lower Band: ₹126.36
Since the current price has breached the upper band, it signals strong momentum but also a possibility of short-term pullback.
SAIL Share Fundamental Overview
Steel Authority of India Limited (SAIL) is a Maharatna PSU under the Government of India and one of the nation’s largest steel producers.
Key Fundamental Details:
- Industry: Metals & Mining
- Market Cap: ~₹60,000 crore
- P/E Ratio: ~18–20x (approx.)
- Dividend Yield: ~3%
- Core Products: Flat & long steel products, structural steel, and railway materials
SAIL benefits from India’s ongoing infrastructure development and government spending, but it remains sensitive to global steel prices and input cost fluctuations.
SAIL Share Support, Resistance & Stop-Loss
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 136.00 |
| Strong Support | 132.00 |
| Immediate Resistance | 144.00 |
| Next Resistance | 148.50 |
| Stop Loss (for traders) | 134.50 |
If the stock sustains above ₹144, it could target ₹148–₹150 in the near term. A fall below ₹136 may indicate a short-term correction.
Buy, Sell or Hold – Expert View on SAIL
Short-Term Outlook
SAIL has given a strong bullish breakout supported by volume and positive indicators.
👉 Recommendation: Buy on dips near ₹136–₹138
👉 Target: ₹148–₹150
👉 Stop-Loss: ₹134.50
Long-Term Outlook
Fundamentally, SAIL remains solid due to its government backing and capacity expansion plans. Long-term investors can accumulate on dips for potential multi-quarter growth.
Key Takeaways
- SAIL share price shows bullish momentum with a breakout above resistance levels.
- Technical indicators (RSI, MACD, SMA) support the uptrend.
- Traders: Buy on dips with strict stop-loss.
- Investors: Accumulate gradually for long-term gains.
- Caution: RSI nearing 70 indicates possible short-term profit booking.
Frequently Asked Questions (FAQ)
Q1. Is SAIL the best stock to buy today?
Yes, the SAIL share price shows strong bullish signs with a positive MACD crossover. It’s a buy on dips opportunity near ₹136–₹138, keeping a stop-loss at ₹134.50.
Q2. What is the target price for SAIL share?
The short-term target is ₹148–₹150, with potential for more if the price sustains above resistance levels.
Q3. How does SAIL compare with JSW Steel?
Both are strong steel producers. SAIL is more government-driven, while JSW Steel is more market-driven. SAIL trades at a relatively lower valuation, offering value for long-term investors.
Q4. What are the risks involved in investing in SAIL?
Risks include volatile steel prices, input cost variations, and fluctuations in global demand that affect profitability.
Q5. Should I hold SAIL for the long term?
Yes, long-term investors can hold and accumulate gradually. The company’s growth is supported by strong fundamentals and government infrastructure projects.
Final Verdict – Buy, Sell, or Wait?
Considering current momentum and fundamentals:
✅ Short-Term: Buy on dips near ₹136–₹138
✅ Target: ₹148–₹150
⚠️ Stop Loss: ₹134.50
✅ Long-Term Investors: Accumulate gradually
The stock’s bullish indicators align with positive price action, making SAIL one of the best stocks to watch today.
Disclaimer
This blog is for educational purposes only and not investment advice. Stock market investments involve risk. Please consult a registered financial advisor before investing.
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