Price and trend forecast of SAIL for Tomorrow, Weekly, Monthly
Steel Authority of India Limited
Symbol: NSE:SAIL
ISIN: INE114A01011
106.68
As on 2025-02-04
SAIL's Today's Performance
Steel Authority of India Limited started the day by opening at 104.00 today 2025-02-04. Its shares reached a high of 107.27 and dipped to a low of 103.70 in intraday. When the markets closed, SAIL’s stock price settled at ₹106.68 per share. Also check out its key support and resistance levels.
SAIL Buy/Sell Targets
Tomorrow, buy SAIL when its price reaches ₹ 106.68 with a stop-loss order at ₹ 104.77. You can set the target price as ₹ 108.59 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of SAIL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for SAIL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 108 |
| Tomorrow Down Target 2 | 109 |
| Tomorrow Down Target 3 | 112 |
Important Levels for SAIL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 105 |
| Tomorrow Up Target 2 | 102 |
| Tomorrow Up Target 3 | 101 |
Based on where the stock opens tomorrow, if SAIL opens on a positive note, our first target will be ₹108. If Target 1 is achieved, we will aim for Target 2 which is ₹109.
But if SAIL falls below the average value of ₹105.88, you can enter a sell side position with target number 1 - ₹105 and second target - ₹102 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of SAIL
Looking at SAIL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, SAIL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SAIL is moderate bullish.
Tomorrow's Volume based share price Forecast for SAIL
SAIL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 50%.
Reversal detection for SAIL
SAIL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹102 in morning tomorrow
| Target 1 tomorrow | 107 |
| Target 2 tomorrow | 108 |
| Target 3 tomorrow | 109 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with SAIL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if SAIL opens on a positive note, our first target will be ₹108.07. If Target 1 is achieved, we will aim for Target 2 which is ₹109.45.
But if SAIL falls below the average value of ₹105.88, you can enter a sell side position with target number 1 - ₹104.50 and second target - ₹102.31
SAIL's Weekly Targets
| 1st Up Target | 109.20 |
| 2nd Up Target | 111.72 |
| 1st Down Target | 102.23 |
| 2nd Down Target | 97.78 |
As the week for SAIL ended on bullish sentiments, we can expect further continuation of this sentiment. SAIL's initial target will be 109.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 102.23 in the upcoming week.
Weekly OHLC Values
| Open | 104.00 |
| High | 107.27 |
| Low | 100.30 |
| Close | 106.68 |
Week for SAIL started with an open price of 104.00, and the close was at 106.68. SAIL reached the highest of 107.27 and dipped lowest up to 100.30 last week. This indicates a bullish sentiment for the week.
SAIL full month swing targets
| Monthly Up Target 1 | 116.17 |
| Monthly Up Target 2 | 118.69 |
| Monthly Down Target 1 | 95.26 |
| Monthly Down Target 2 | 83.84 |
Targets of ₹116.17 can be expected to be reached in the coming month. Once SAIL achieved this target, we can aim for the next upside target of ₹118.69.
SAIL if fails to hold upside, down targets of ₹95.26 and ₹83.84 can be achieved by end of this month.
For complete three weeks if SAIL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as SAIL
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
SAIL is expected to reach the target of 108.07 in tomorrow's trading session.
After achieving the initial target in SAIL, we will aim for higher targets of 109.45 tomorrow.
However, if SAIL starts to trade below ₹105.88, then we will shift our focus to the sell side and aim for down targets of 104.50 and 102.31.