ISL International Steels Limited Intra-day Analysis 12th March 2018

Downside Prevails

Our Pivot: 118.65

Our Preference: Short Sell ISL below 117 with strict stop loss of 118.65 and profit target at 113.80 and 112.

Alternate Scenario: Upward penetration of 118.65 will call for 120 and 121.50.

NOTE: ISL closed below its major supportive region of 117 Rs and now that region would react against any bullish run. Prices are also capped by a horizontal resistance at 117.

Hourly Chart with Supports and Resistances: