ISL Inter.Steel Ltd. Intra-day Analysis 7th July 2017

Rebound Insight

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ISL Chart Illustration by CapitalMarkets

Inter.Steel Ltd.

    Industrial metals and Mining

Price:  114.86

   Change: 0.85    2017-07-06
Open: 114.01 52 Week High: 167.80 Market Capitalization Mln: 49964.10
High: 118.10 52 Week Low: 36.30 Outstanding Shares. Mln: 435.00
Low: 112.20 52 Week Avg.: 98.87 KSE AllShares % Weight-age: 0.54
Close: 114.86 52 Week Max Vol.: 10751000 KSE100 % Weight-age: 0.90
Average: 114.79 52 Week Min Vol.: 0 KSE30 % Weight-age: Not Listed
Volume: 6277100 52 Week Total Vol.: 598900600 Data Last Updated: 2017-07-06

Rebound Insight

Our Pivot: 110

Our Preference: Buy ISL above 113 and average it out till 111.86 with strict stop loss of 110 and profit target at 118 and 118.75.

Alternate Scenario: Downward penetration of 110 will call for 106.44.

NOTE: ISL is getting support from a horizontal supportive region along with a supportive trend line on its weekly triple bottom. Hourly stochastic have generated a bullish crossover while daily is ready for a pullback.

Intra-day Chart with Supports and Resistance:

 

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