INIL International Industries short term analysis 22nd Jun. 2020

Under Pressure

Our Pivot: 93.30

Our Preference: start short selling INIL from current price and average it out till 91.40 with strict stop loss of 93.30 and profit target at 85.40.

Alternate Scenario: upward penetration of 93.30 will call for 97.60 and 99.00

Note: INIL have succeeded in sliding below its major supportive trend line.

Daily chart with Supports and Resistances: