The short-term outlook is bullish for Steel Authority of India Limited (SAIL). The stock has surged over 5 per cent so far this week breaking above a key resistance level of ₹180. This marks the end of the corrective fall that was in place since June. A cup and handle pattern on the daily chart also strengthen the bullish case. The level of ₹180 will now act as a good support and limit the downside. SAIL share price can rise to ₹202-₹205 from here.Video Credit: BusinesslineTraders can buy SAIL shares now at ₹184. Accumulate on dips at ₹181. Keep the stop-loss at ₹174. Trail the stop-loss up to ₹188 as soon as the stock goes up to ₹191. Revise the stop-loss higher to ₹190 and ₹195 when the price touches ₹193 and ₹197 respectively. Exit the stock at ₹199.(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)Published on August 26, 2026