Resistance around 210 levels is going to be critical for SAIL: Rohit Shinde

In a chat with ET Now, Rohit Shinde, Independent Analyst, talked about SAIL. Excerpts:

What about SAIL?

What we are seeing now is that the stock had very good move, currently from lower levels of 190-192, it has come to these levels of 204 but before that what we had seen it had a long history of a downtrend also, cracking from approximately 237 levels, going down to approximately 190 levels. What we can see on the charts is that the volumes are also not exciting to be talking about this stock. Something spectacular has to come in to the stock in the form of the results where you can have good volumes and then this particular first breakout will be around 210, the resistance. If it is able to take out this resistance around 210 levels, then only we can see a good move, otherwise it will again slide downwards around 200 and sub-200 levels for SAIL.