SAIL
Stock finding strong 50 DMA resistance at current levels, technical indicates as long as it holds below bears will be favored once it holds above 50 DMA then bulls will be favored.
Stock also finding strong trend line resistance around 48.50, further price rise can be seen once it closes and holds above 48.50.
As per 18th December 2015, Friday at 3:30 pm closing SAIL share price was Rs 47.30 down by -.75p (1.56%).
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Intraday SAIL looks good if it holds above 48.50.
Will find resistance around 50, 51.
S.L - 47.75.
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