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STEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIASTEEL AUTHORITY OF INDIA

STEEL AUTHORITY OF INDIA

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SAIL trade ideas

SAIL LONGAs the government putting thrust on infrastructure spending, SAIL Chairman Soma Mondal said, "In view of the positive economic environment seen across sectors, the management is of the belief that the trend is likely to continue in subsequent periods as well as the impact of COVID-19. if any, is not likely to be material," Considering this statement: I opine to go long on every dip !! For the levels: Short Selling Zone @ 155 could be a resistance which is an opportunity after breakout in Long term. For Short term, the current zone which is a consolidation zone can even consider for an ENTRY 1 & in case of down fall another entry around 100 levels for a Target of 150. Newer highs above 150 level can be considered for long term with trailing stop loss.
BSE:SAILLong
by BaluPamidipati