Levels -
Buy - Any dip below the CMP
T1 - 94+
T2 - 115+
Stoploss - 83.55 (Low of April 5, 2021)
The stock doesn't belong where it is being traded. It has rallied close to 10% in 2 trading sessions although the Indian Market ended in the red on April 05, 2021. With metals in focus and recent numbers released by SAIL in concern with significant debt reduction and increase in production by 6% indicates a strong move ahead in the stock. Accumulation of SAIL at every dip is what the strategy should be here.
There are several other reasons which strengthen the assumption of stock giving good return in near future. Comment if those reasons are required here.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
T2 is active and is a long term call.
Trail stoploss as per the risk handling capacity.