there is a potential strong support level around ₹92.36. This level has been tested and held multiple times in the past year, most recently in December 2023. There is also a significant increase in volume at this level, which suggests strong buying pressure. Additionally, the 50-week moving average is also located around this level, which can further act as support.
It is important to note that no support level is foolproof, and the price of SAIL could still break below ₹92.36. However, this level does seem to have some technical and fundamental support behind it, making it a potential area to watch for buyers to step in.
It is important to note that no support level is foolproof, and the price of SAIL could still break below ₹92.36. However, this level does seem to have some technical and fundamental support behind it, making it a potential area to watch for buyers to step in.