Steel Authority of India (SAIL)
Analyst Gaurav Narendra Puri is bullish on SAIL. The stock is at strong support zone of ₹134 with 20-day EMA support seen on the daily timeframe. Its RSI is above 60, which is again indicating bullish signs. SAIL has consistently crossed past resistance barriers and making higher highs, higher lows.
He recommended buying with targets of ₹140, ₹145, ₹160 with a stop loss at ₹120, for a one-month holding period.
SAIL shares have gained 18% YTD.
