SAIL Outlook for the Week (December 16, 2024 – December 20, 2024)
Steel Authority of India closed flat on Weekly basis.
Technically, Steel Authority of India share price will see immediate support at 121.04 and immediate resistance would be seen at 129.29.
If Steel Authority of India share price closes below immediate support of 121.04, then sharp breakdown can be seen. Steel Authority of India share price will see major support at 117.31 for the week.
On the positive side, immediate resistance will be seen at 129.29. Closing above 129.29, Steel Authority of India share price will see a sharp breakout. Major resistance for Steel Authority of India share price will be seen at 133.81 for the week.
Trading range for Steel Authority of India share price for this week should be between 112.79 on down side and 137.54 on up side.
Steel Authority of India Previous Week Open: 124
Steel Authority of India Previous Week High: 130.09
Steel Authority of India Previous Week Low: 121.84
Steel Authority of India Previous Week Close: 124.76
Steel Authority of India Previous Week Range: 8.25 Points
Steel Authority of India share price support and resistance for the week (December 16, 2024 - December 20, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 137.54 |
| Resistance 2 | 133.81 |
| Resistance 1 | 129.29 |
| Support 1 | 121.04 |
| Support 2 | 117.31 |
| Support 3 | 112.79 |
