Sensex, Nifty, Share Prices LIVE: The short-term outlook for Steel Authority of India (SAIL) is bullish. The 5 per cent rise on Wednesday indicates that the upmove is gaining momentum.

This has taken the share price well above the ₹125-₹127 resistance zone. This ₹127-₹125 region will now act as a good support and limit the downside. Also, the recent rise is happening from the 200-Day Moving Average support, currently at ₹119.

Steel Authority of India (SAIL) share price can rise to ₹140 in the coming weeks. Traders can buy Steel Authority of India shares now at ₹130.