Target price: 200-240 rupees
Stop loss: Rs 150
Stop loss: Rs 150
SAIL recently formed a breakout of a round bottom pattern on the weekly chart. The price trend shows strong bullish momentum and is expected to rise further towards Rs 200 and Rs 240 levels. The Relative Strength Index (RSI) is 68, indicating an upward trajectory, confirming that buying momentum is increasing.
(Mandar Borjane, Equity Research Analyst, Choice Equity Broking)
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