ISL International Steels Limited Short Term Analysis 12th Sep 2018

Rebound Insight

Our Pivot: 93.30

Our Preference: Start buying ISL from 98.60 and average it out till 97.17 with strict stop loss of 93.30 and profit target at 104.50 with extension towards 107.90.

Alternate Scenario: Downward penetration of 93.30 would call for 89.60.

NOTE: ISL have completed its 50% correction on daily chart and now Daily Stochastic is trying to generate a bullish crossover which would try to push ISL back in bullish direction.

Daily Chart with Supports and Resistances: