SAIL – Technical Analysis, Support and Resistance

The stock SAIL is showing signs of a short-term recovery after correcting from the ₹200–210 zone. The stock is currently trading at ₹179.75 up 2.43% in the latest session. It has recovered from the ₹160–162 support area and is approaching an important resistance zone near ₹180–185. The short-term momentum is improving with the price moving above its key moving averages. Support & Resistance: Immediate support is around ₹175–172. Below this, the next support zone is ₹168–165. On the upside ₹181–185 is the immediate resistance area followed by ₹190–195. Short-Term Buyers & Holders View: Fresh buying may be considered after a sustained close above ₹185 with strong volume. Existing holders should monitor the ₹172 support zone. A breakdown below this level may lead to further weakness.