Rajesh Palviya of Axis Securities is bullish on SAIL, his metal sector pick, recommending to buy and accumulate. He notes the stock is breaking out of a rounding bottom formation on the monthly chart, a significant long-term technical signal, and trades in an upward-sloping channel on the weekly chart. He sets a target of ₹188-192 with a stop loss at ₹173.

Rajesh Palviya’s track record: 10 graded calls · 95% CI 2–40%

Steel Authority of India LimitedBullishCalled 27 Apr 2026Graded 05 Jul 2026
Verdict:MISS

Steel Authority of India Limited price decreased from ₹185.63 to ₹175.23, missing the bullish target of ₹188-192 and moving below the stop loss of ₹173.

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