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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