Wednesday, January 4, 2012

Steel Authority of India Ltd. (SAIL) Technical Chart | 04-Jan-2012

 Here is a technical chart of Steel Authority of India (SAIL) Ltd., listed on Indian stock exchange, using Ichimoku Kinko Hyo indicator.

Steel Authority of India Ltd. (SAIL) Technical Chart
Steel Authority of India Ltd. (SAIL) Technical Chart


Yesterday, SAIL share closed above kijun-sen line. It's a first signal of buying here. One can buy now with a stop loss of 80.78 for a target of 91. There, it will face tough resistance of Kumo i.e. 91-98.50. So, book your profits at these levels and sit can cash there.

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