Here is a technical chart of Steel Authority of India (SAIL) Ltd., listed on Indian stock exchange, using Ichimoku Kinko Hyo indicator.

 

 

 

 

 



 

 

 

Yesterday, SAIL share closed above kijun-sen line. It's a first signal of buying here. One can buy now with a stop loss of 80.78 for a target of 91. There, it will face tough resistance of Kumo i.e. 91-98.50. So, book your profits at these levels and sit can cash there.

Steel Authority of India Ltd. (SAIL) Technical Chart | 04-Jan-2012
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