Target Price: Rs 200-240
Stop Loss: Rs 150
Stop Loss: Rs 150
SAIL has recently formed a rounding bottom pattern breakout on the weekly chart. The price trend indicates robust bullish momentum, with expectations of further upward movement towards the Rs 200 and Rs 240 levels. The Relative Strength Index (RSI) stands at 68, signaling an upward trajectory and confirming increased buying momentum.
(Mandar Bhojane, Equity Research Analyst, Choice Equity Broking)
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