SAIL (Steel Authority of India Ltd) is showing an interesting long-term setup:
🔹 Price reclaiming major moving averages on the weekly
🔹 Multiple higher lows forming since 2020
🔹 Heavy volume build-up at current accumulation range
🔹 Previous cycle resistance zones aligning near ₹253 → ₹305 → ₹465
Metals have historically moved in strong cyclical waves, and the next major upside leg often comes with global industrial expansion + commodity inflation.
If metals enter a bullish cycle into 2026, SAIL has the potential to retest and break its previous cycle highs, opening up a technical path toward ₹400+ levels.
Tracking the cycle closely.
Not a recommendation - just sharing my view and analysis.
#SAIL #Metals #Steel #TechnicalAnalysis #Commodities #VolumePriceAnalysis #Cycles #TradingViewIndia
🔹 Price reclaiming major moving averages on the weekly
🔹 Multiple higher lows forming since 2020
🔹 Heavy volume build-up at current accumulation range
🔹 Previous cycle resistance zones aligning near ₹253 → ₹305 → ₹465
Metals have historically moved in strong cyclical waves, and the next major upside leg often comes with global industrial expansion + commodity inflation.
If metals enter a bullish cycle into 2026, SAIL has the potential to retest and break its previous cycle highs, opening up a technical path toward ₹400+ levels.
Tracking the cycle closely.
Not a recommendation - just sharing my view and analysis.
#SAIL #Metals #Steel #TechnicalAnalysis #Commodities #VolumePriceAnalysis #Cycles #TradingViewIndia
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.