ISL International Steels Limited Short-Term Analysis 14th Oct. 2020

Under Pressure

Our Pivot: 74.60

Our Preference: Start short selling ISL below 72.50 and average it out till 74 with strict stop loss of 74.60 and profit target at 68.40 and 67.30.

Alternate Scenario: Upward penetration of 74.60 will call for 75.50 and 77.30 with extension towards 81.

NOTE: ISL is moving downward after completing its bearish correction.

Daily chart with supports & resistances: