SALSTEEL· Materials› Iron & Steel

SAL Steel Ltd

Stage 2 · Advancing · week 9Setup 6.8 ★★ GoodEven -0.1

As of 16 Oct 2026, SAL Steel is in Stage 2 — advancing, the uptrend phase, in week 9 (since 17 Aug 2026). It closed at ₹80.8, 18.4% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

S.A.L. Steel Limited engages in the manufacture and sale of sponge iron, ferro alloys in India. More about the company

₹80.8
-3.48% today
₹1,170 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

6.8 ★★ Good

Momentum

Steady

Edge

Even -0.1

Setup-score rank among Stage 2 peers: #8 of 29 in Iron & Steel · #33 of 153 in Materials

Is SALSTEEL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-18.4%
₹26.7 lo₹99.1 hi
18.4% below 52W high — deeper pullback
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 9
1w13w26w
Week 9 — early Stage 2, building
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
40.0%
200 DMA: ₹57.7 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.44x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↑
MA20 trending up · +5.1% vs MA50 +18.6%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+8.3%
3M
+52.1%
6M
+43.2%
YTD
+93.3%
1Y
+196.6%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #4 of 151 Stage 2 stocks in Materials by RS. Leading the sector.
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Ranks #2 of 28 Stage 2 stocks in this industry. Top tier.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 15w
S4 31w
S2 27w
S2 14w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S3 3w → S2 5w → S3 1w → S2 3w → S1 1w → S4 6w → S1 1w → S2 15w → S3 9w → S4 5w → S1 1w → S2 3w → S1 6w → S2 12w → S3 8w → S4 31w → S1 2w → S2 27w → S3 3w → S2 14w → S3 3w → S2 9w current
Total tracked: 167 weeks across 22 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-16
Pullback Hunter
Latest: 2026-10-08
Breakout Watch
Latest: 2026-08-17
60 appearances in last 60 days. First seen: 2026-06-10.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 9 · Vol 0.44x
2026-10-15S2
Wk 9 · Vol 0.99x
2026-10-14S2
Wk 9 · Vol 0.55x
2026-10-13S2
Wk 8 · Vol 0.69x
2026-10-12S2
Wk 8 · Vol 0.59x
2026-10-09S2
Wk 8 · Vol 1.59x
2026-10-08S2
Wk 8 · Vol 2.14x
2026-10-07S2
Wk 8 · Vol 1.52x
2026-10-06S2
Wk 7 · Vol 1.17x
2026-10-05S2
Wk 7 · Vol 1.12x
2026-10-01S2
Wk 7 · Vol 1.95x
2026-09-30S2
Wk 7 · Vol 2.03x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹79.7
200 DMA
₹57.7
52W High
₹99.1
52W Low
₹26.7
5D Low
₹80.8
Resistance levels (recent highs)
20d High
₹99.1
60d High
₹99.1
120d High
₹99.1
250d High
₹99.1
Next resistance
+22.6%
to 20d High
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About this companyMaterials· Iron & Steel

S.A.L. Steel Limited engages in the manufacture and sale of sponge iron, ferro alloys in India. The company operates through Iron & Steel and Power segments. It also provides direct reduced iron, iron ore pellets, and finished steel products. In addition, the company generates and sells 40 MW power from waste heat recovery boiler and fluidized bed combustion boiler. S.A.L. Steel Limited was incorporated in 2003 and is based in Gandhinagar, India. S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited. As of December 26, 2025, S.A.L. Steel Limited operates as a subsidiary of Sree Metaliks Limited.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.