Steel Authority of India’s daily trend is bearish to sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 85 and 90. Let’s plan a trade around this.
It is after a long period of time, that bears have finally made their presence felt on the street. Whether it is, large, mid or small cap market breadth in all segments witnessed a sharp decline. In such times, if one is looking to buy stocks it would be better to look at stocks where some developments have made analysts turn bullish on them. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Read more about SAIL hits over 2-yr high on clocking best quarterly production, sales in Q4 on Business Standard. Aided by a healthy Q4FY21 performance, SAIL reported its best-ever annual sales volume during the financial year 2020-21