Sell SAIL: Mitesh Thacker
I have got a sell on Steel Authority of India Ltd. The stock price has broken below earlier lows. We saw a good sideways movement in SAIL for about six to seven weeks .
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| Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his stock call
What is your call on SAIL?
I have got a sell on Steel Authority of India Ltd. The stock price has broken below earlier lows. We saw a good sideways movement in SAIL for about six to seven weeks in the range of Rs 105-108 on the downside, Rs 120 on the upside. Now that range has been violated on the downside so this one probably will decline further. Rs 90 would be the price target and Rs 105 should be the stop loss.
What is your call on SAIL?
I have got a sell on Steel Authority of India Ltd. The stock price has broken below earlier lows. We saw a good sideways movement in SAIL for about six to seven weeks in the range of Rs 105-108 on the downside, Rs 120 on the upside. Now that range has been violated on the downside so this one probably will decline further. Rs 90 would be the price target and Rs 105 should be the stop loss.
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