SAIL still hovering around the lower line of the channel.

and not willing to detach from the support.
It has corrected from 52 week high.
SAIL planning to go for expansion of its capacity
of crude steel from 50MT from approximately 20Mt.
has been decreasing its loan burden constantly.
rising coking coal price may impact its profitability .
as it imports coking coal for its production.
But it appears to me it may not go down further.
for investment purpose it is a value buy.