ISL International Steels Limited Short-Term Analysis 24th Mar. 2021

Turning Down

Our Pivot: 90.60

Our Preference: Start short selling ISL below 87.90 and average it out till 89.30 with strict stop loss of 90.60 and profit target at 84.00 with extension towards 78.

Alternate Scenario: Upward penetration of 90.60 will call for 94.60 and 96.00.

NOTE: ISL is being capped by a descending trend line on daily chart.

Chart with supports & resistances: