ISL International Steels Limited Short-Term Analysis 24th Nov. 2020

Rebound Insight

Our Pivot: 66.60

Our Preference: Start buying from current price and average it out till 69.50 with strict stop loss of 66.60 and profit target at 73.00 with extension towards 74.50.

Alternate Scenario: Downward penetration of 64.60 will call for 62.50 and 61.30.

NOTE: ISL is being supported by a rising trend line along with strong horizontal supportive region and hourly momentum indicators have changed their direction towards bullish side.

Chart with supports & resistances: