The outlook for Metal Authority of India (SAIL) is bullish. The inventory has risen 5 per cent on Tuesday and has closed on a powerful word. This has taken the share worth properly above the important thing resistance degree of ₹140. It additionally marks the top of the consolidation part and signifies that the broader uptrend has resumed. The extent of ₹140 will now act as a powerful help.
Metal Authority of India (SAIL) share worth can go as much as ₹166 within the subsequent few weeks. Merchants can go lengthy now at round ₹148. Accumulate on dips at ₹142. Maintain the stop-loss at ₹136. Path the stop-loss as much as ₹151 as quickly because the inventory strikes as much as ₹157. Transfer the stop-loss additional as much as ₹156 when the value touches ₹159. Exit the longs at ₹164.
(Word: The suggestions are based mostly on technical evaluation. There may be danger of loss in buying and selling.)
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