ISL International Steels Limited Short-Term Analysis 2nd Nov. 2020

Rebound Insight

Our Pivot: 66.80

Our Preference: Start buying ISL above 69.70 and average it out till 68.20 with strict stop loss of 66.80 and profit target at 72.00 with extension towards 73.90.

Alternate Scenario: Downward penetration of 66.80 will call for 65.30 and 64.50.

NOTE: ISL is trying to bounce back after retesting a strong horizontal supportive region on daily chart.

Daily chart with supports & resistances: