Watch out for SAIL: Jitendra Mehta, Edelweiss

Jitendra Mehta, Technical Analyst, Edelweiss, in a chat with ET Now talks about SAIL.

What is your view on SAIL?

If you look at SAIL, it has been consolidating for a while. Today it has broken out with very high volumes and above its 200 DMA. It is a double bottom breakout. We are expecting a price target of 245 to 250 on SAIL. So this is one stock to watch out for in metal space.