ISL International Steels Limited Short-Term Analysis 3rd Sep. 2020

Further Advance

Our Pivot: 74.85

Our Preference: Start buying ISL from current price and average it out till 75.60 with strict stop loss of 74.85 and profit target at 78.40 and 80.00.

Alternate Scenario: Downward penetration of 74.85 will call for 73.15 and 72.00.

NOTE: ISL is being supported by a rising trend line along with a horizontal supportive region.

Hourly Chart with Supports and Resistances: