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2020 Steel Authority (SAIL) technical analysis [forecast] stock price targets

Steel Authority technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Steel Authority deals in Iron & Steel Steel Authority option chain analysis

Date Close Open High Low Volume
25 Fri Sep 34.35 33.40 34.55 32.90 174.94 lakhs
24 Thu Sep 32.85 34.00 34.40 32.65 361.3 lakhs
23 Wed Sep 34.80 36.00 36.20 33.50 328.14 lakhs
22 Tue Sep 35.50 35.40 35.75 33.80 244.97 lakhs
21 Mon Sep 35.35 38.00 38.15 35.00 192.27 lakhs
SAIL chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.8, but if it comes above 35.8, then a intra day buy could be more profitable.
If you take a sell trade below 35.8, then use 35.8 as stoploss and 32.9 as target. However if you take a buy trade in stock , then use 35.8 as stoploss and 38.22 as target.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of SAIL based on a short to mid 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.

  • Daily Price action analysis of SAIL based on a mid term time period is

Intraday technical analysis of Steel Authority

Stock is trading at 34.35 as on 25 Fri Sep 15:33

Day open is at 33.40, day high is at 34.55, day low is at 32.90, and day volume is at 7172.7 lakhs so far.

First 15 minute high low range is 33.15 - 33.70

First hour high low range is 33.15 - 33.70

Date Intraday Price Open High Low Volume
25 Fri Sep 15:33 34.35 33.40 34.55 32.90 17463858
25 Fri Sep 15:30 34.20 33.40 34.55 32.90 17463858
25 Fri Sep 15:25 34.25 33.40 34.55 32.90 17171980
25 Fri Sep 15:20 34.35 33.40 34.55 32.90 16758128
25 Fri Sep 15:15 34.40 33.40 34.45 32.90 15836960
Intraday SAIL chart

Trend of Steel Authority is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Steel Authority (SAIL) intraday stock price targets

  • EntEntry: 33.43 or 34.0875
  • Upside target: 33.7
  • Downside target : 32.6
  • Second Upside target: 35.28
  • Second Downside target : 33.63

Steel Authority (SAIL) weekly technical analysis

Date Weekly Close Open Range Volume
25 Fri Sep 34.35 38.00 32.65
38.15
1301.633 lakhs
18 Fri Sep 37.85 39.35 37.60
40.20
1339.532 lakhs
11 Fri Sep 38.90 40.65 37.25
41.35
1833.207 lakhs
04 Fri Sep 40.50 41.40 38.10
42.25
1856.08 lakhs
28 Fri Aug 40.95 43.00 40.20
43.70
2842.224 lakhs
weekly SAIL chart

Weekly forecast of Steel Authority is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Steel Authority 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.

Weekly Price action analysis of Steel Authority based on a short to mid 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.

Steel Authority (SAIL) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Fri Sep 34.35 38.90 32.65
42.25
5753.775 lakhs
31 Mon Aug 38.50 33.80 33.60
44.75
8398.803 lakhs
31 Fri Jul 34.00 30.60 30.00
38.70
10543.733 lakhs
30 Tue Jun 30.40 30.70 28.35
35.10
7032.111 lakhs
29 Fri May 30.15 29.55 26.55
30.80
4150.574 lakhs
monthly SAIL chart

Monthly forecast of Steel Authority is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Steel Authority based on a short 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.

Monthly Price action analysis of Steel Authority based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Steel Authority Daily stock price targets

  • Upside daily target: 40.43
  • Upside daily target: 38.38
  • Upside daily target: 35.88
  • Downside daily target: 34.09
  • Downside daily target: 31.88

Steel Authority Weekly stock price targets

  • Upside weekly target: 46.55
  • Upside weekly target: 42.7
  • Upside weekly target: 40.65
  • Upside weekly target: 38.69
  • Upside weekly target: 36.43
  • Upside weekly target: 34.58
  • Downside weekly target: 32.5
  • Downside weekly target: 30.75

Steel Authority Monthly stock price targets

  • Upside monthly target: 53.88
  • Upside monthly target: 48.21
  • Upside monthly target: 44.53
  • Upside monthly target: 41.6
  • Upside monthly target: 38.78
  • Upside monthly target: 36.05
  • Downside monthly target: 32.75
  • Downside monthly target: 30.55
  • Downside monthly target: 28.7
  • Downside monthly target: 26.68
  • Downside monthly target: 25.14
  • Downside monthly target: 13.08

Steel Authority (SAIL) indicators technical analysis

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.

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

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

Steel Authority Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Steel Authority in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 36.58 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 negative.

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

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chart SAIL