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The short-term outlook is bullish for Steel Authority of India (SAIL). The stock has been consolidating sideways over the last three weeks. The price action indicates that this consolidation could be coming to an end. The 3 per cent rise on Wednesday has taken the stock well above ₹153, a key intermediate resistance.

A rise above ₹158 can boost the bullish momentum. That in turn can take SAIL share price up to ₹175 in the coming weeks.

Traders can buy SAIL shares now at ₹156. Accumulate on dips at ₹154. Keep the stop-loss at ₹145. Trail the stop-loss up to ₹159 as soon as the stock goes up to ₹163. Revise the stop-loss higher to ₹164 and ₹169 when the share price touches ₹168 and ₹172 respectively. Exit the long positions at ₹175.

Note: The recommendations are based on technical analysis. There is a risk of loss in trading

Published on April 2, 2026