ISL International Steels Intraday Analysis 5th Sep. 2018

Further Advance

Our Pivot: 102.00

Our Preference: Buy ISL above 104.67 with strict stop loss of 102 and profit target at 109.30 and 112.

Alternate Scenario: Downward penetration of 102.00 will call for 98.93 and 97.60

NOTE: ISL is moving upward after getting support from a daily double top and momentum indicators have generated bullish crossovers on daily and hourly charts and these would lead it towards 109.30 initially and closing above this region would call for 112. 

Hourly Chart with Supports and Resistances: