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Steel Authority of India Ltd - Stock Investment Idea Weekly Pick

25 Aug 2026

Swing Trading - Growth Stocks

Steel Authority of India Ltd - Stock Investment Idea Weekly Pick

SAIL’s technical setup indicates improving bullish momentum. Support near the long-term trendline and 200-day EMA, a rounding-bottom formation, and positive RSI/MACD signals strengthen the near-term setup.

Expert recommendation by Mr. Ketan Kaushik - Derivative Analyst (NISM - 202200162803)

Current Price: 173.46
Buying Price: 170-175
Target Price: 200-220
Stop loss: 154
Upside: Up to 27%
Time Frame: 3-4 months

Stock Technical Analysis

The stock witnessed a sharp upward move from the 101 level, reaching a swing high of 210 in June 2026. Following this peak, the stock underwent a 50% Fibonacci retracement and established support in the 155–165 zone.
The stock has taken support at a long-term trendline that aligns with its 200-day exponential moving average (EMA). Furthermore, the stock has formed a higher-high and higher-low structure, indicating a bullish price action.
The stock has been consolidating for the past few weeks, forming a rounding bottom pattern near the POC (Point of Control) support zone, which reflects strong buying interest.
The momentum indicator RSI has sustained the 50 level on both the daily and weekly charts. Additionally, the MACD has generated a bullish crossover and remained above the zero line on the daily timeframe, indicating that the upside momentum is likely to continue in the coming days.
Traders can look to accumulate SAIL in the 170–175 zone, targeting an upside of 200–220 over the next 3–4 months. A stop loss should be placed below 154 on a closing basis.

SAIL Stock Pick of the Week Technical Chart Analysis - Swing Trading Opportunity

💡 Learn to find more such setups with our swing trading guide to stay ahead of market opportunities.

Know more about Steel Authority of India Ltd.

Website: https://www.sail.co.in/

Steel Authority of India Ltd (SAIL) is a major Indian steel producer with an integrated presence across steel manufacturing, mining and related operations.

Steel Authority of India Ltd Stock Analysis Swing Trading – Key Investor FAQs

What is the SAIL share price target?

The technical setup indicates potential targets of ₹200–220 over the next 3–4 months, subject to market conditions.

What is the suggested buying range for SAIL?

The suggested accumulation zone is ₹170–175 based on the stated technical setup.

What is the stop-loss for SAIL?

A closing-basis stop-loss of ₹154 has been suggested.

Why is SAIL technically bullish?

The setup includes trendline and 200-day EMA support, a higher-high/higher-low structure, rounding-bottom formation, sustained RSI above 50 and a bullish MACD crossover.

What are the key risks?

Steel-sector volatility, broader market weakness, failure to sustain support and adverse price action can affect the setup.

Before You Trade, Strengthen Your Foundations with These Guides

For a stronger understanding of indicators such as RSI, VWAP, and trendlines, check our 👉 Technical Analysis Fundamentals section.
Want to refine your risk-reward planning? Explore our insights on 👉 Position Sizing & Risk Management Strategies.
Learn about Momentum Trading vs Swing Trading in India here

Disclaimer: - Investments in securities market are subject to market risk, read all the related document carefully before investing. https://www.mnclgroup.com/research-disclaimer

Sr.no	Particulars	Remarks
1	Name Of Compliance Officer	Nikhil Bhupendrakumar Parikh
2	Educational qualification	BSc hons (Phy) , CNE , CNA , MBA
3	Past Experience	16 Years before joining Monarch on 06/04/2017
4	Certification (NISM-Series-III A)	Provided
5	Date of Expiry of Certificate	10-04-2029
6	Date of Renewal of Certificate	28-02-2026
7	Half-yearly trainings Provided or Not	Yes
8	Date of Appointment	15-05-2017
9	Approval from BOD/Partners for Appointment	28-04-2017
10	Last date of previous compliance officer	14-05-2017
11	Duration for which office was vacant	None
12	Intimation of change to Exchange Sent or not	Yes
13	List of Allotted Trading Terminals - For Compliance Officer & its Team	None