ISL International Steels Limited Short-Term Analysis 13th Jan. 2020

Further Advance

Our Pivot: 52.70

Our Preference: Start Buying ISL from 56.50 and average it out till 55.10 with strict stop loss of 52.70 and profit target at 61.10 with extension towards 64.30.

Alternate Scenario: Downward penetration of 52.70 will call for 49.00 and 47.60.

NOTE: ISL is being supported by a rising trend line and right now its going to expand its recent correction. Daily and weekly momentum indicators have generated bullish crossovers and these would push it towards 61.10 Rs initially.

Daily Chart with Supports and Resistances: