ISL International Steels Short term analysis 9th Jun. 2020

Further Advance

Our Pivot: 50.00

Our Preference: Start buying ISL above 51.50 and average it out till 50.90 with strict stop loss of 50.00 and profit target at 53.40 with extension towards 55.00.

Alternate Scenario: Downward penetration of 50.00 will call for 47.60.

NOTE: ISL have given bullish breakout of its descending wedge on hourly chart.

Hourly Chart with Supports & Resistances: