Steel Authority of India Limited is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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There is no resistance in the
price chart and further rise is indicated. In
case of a negative reaction, the stock has
support at approximately 93.00 rupee. The
stock is overall assessed as technically
positive for the medium long term.
