ISL International Steels Limited Short Term Analysis 30 Nov. 2017

Downside Prevails

Our Pivot: 122.40

Our Preference: Short Sell below 113.60 and average it out till 117 with strict stop loss of 122.40 and target at 102.00 and 96.80.

Alternate Scenario: Upward penetration of 122.40 will call for 127.00.

NOTE: ISL is capped by a resistant trend line and its also capped by horizontal line at its weekly double top.

Chart with Supports and Resistances: