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(SAIL) Steel Authority complete technical analysis [charts+indicators] | Buy/Sell Steel Authority | (SAIL) share price targets

Complete technical analysis of Steel Authority (SAIL) by charts plus indicators, forecast predictions and share price targets for Steel Authority (SAIL)

Steel Authority trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Steel Authority is 30661869

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	158.50	160.00	161.25	156.75	0.759 times
30 Thu May 2024	157.75	161.50	162.25	156.70	0.643 times
29 Wed May 2024	162.40	162.20	165.70	160.60	0.735 times
28 Tue May 2024	162.40	167.50	169.20	161.55	0.859 times
27 Mon May 2024	166.65	170.50	171.30	166.00	0.748 times
24 Fri May 2024	169.50	167.40	172.50	167.40	0.963 times
23 Thu May 2024	169.30	168.75	169.95	166.50	0.801 times
22 Wed May 2024	169.05	175.00	175.35	167.10	1.76 times
21 Tue May 2024	174.35	170.15	175.10	166.45	2.168 times
18 Sat May 2024	169.15	167.85	171.60	167.50	0.51 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 157.9 as stoploss in an intra day buy trade for a target of 163.35. However, stock will show a bearish move below 157.9.

Share price targets for Steel Authority (SAIL)

Target Type	Value
Downside Target	107.50
Downside Target	116.00
Downside Target	126.90
Downside Target	135.60
Downside Target	145.00
Downside Target	150.00
Downside Target	156.70
Upside Target	163.05
Upside Target	166.45
Upside Target	170.95
Upside Target	171.30
Upside Target	171.60
Upside Target	175.35

Intraday share price targets for Steel Authority (SAIL)

Target Type	Value
Downside Intraday Target	153.03
Downside Intraday Target	147.57
Upside Intraday Target	167.63
Upside Intraday Target	176.77
Upside Intraday Target	162.17

Weekly technical analysis of Steel Authority (SAIL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	158.50	170.50	171.30	156.70	0.658 times
24 Fri May 2024	169.50	170.15	175.35	166.45	1.193 times
18 Sat May 2024	169.15	157.35	171.60	151.00	1.018 times
10 Fri May 2024	156.90	168.50	168.85	151.70	0.768 times
03 Fri May 2024	167.95	169.90	170.95	163.05	0.474 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Steel Authority (SAIL)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	158.50	165.40	175.35	151.00	0.588 times
30 Tue Apr 2024	164.20	135.60	170.50	135.60	1.243 times
28 Thu Mar 2024	134.25	123.00	145.00	117.35	0.809 times
29 Thu Feb 2024	121.20	123.50	150.00	116.00	1.652 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Steel Authority (SAIL)

Price action analysis of Steel Authority ( (SAIL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Steel Authority ( (SAIL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Steel Authority ( (SAIL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Steel Authority stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Steel Authority in short term but the sell signal is initial and weak.

Steel Authority Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Steel Authority in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Steel Authority is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 167.49 and Steel Authority (SAIL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Steel Authority (SAIL) stock. Volume based technical analysis of Steel Authority (SAIL) stock is negative.

Steel Authority Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.