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ISL International Steels Ltd Short-Term Analysis 15th Jul. 2020

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Under Pressure

Our Pivot: 62.00

Our Preference: Start short selling ISL from current price and average it out till 60.10 with strict stop loss of 62.00 and profit target at 56.00 with extension towards 54.80.

Alternate Scenario: Upward penetration of 62.00 will call for 64.00.

NOTE: ISL is facing rejection from resistant trend line of its rising price channel on daily chart along with a strong horizontal resistant region.

Daily chart with supports & resistances:

ISL 30
Overview
Quick Snapshot
Free Float

130,500,000

O/S Shares

435,000,000

Market Cap. (m)

0.00

Var Value

14.50

Hair Cut

17.50

Last Price

59.24

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports57.9156.5754.89
Resistances60.9362.6163.95
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-0.21
-0.32
QTD Price Return
-0.21
-0.32
3M Price Return
-5.70
-8.03
6M Price Return
-6.96
-9.63
9M Price Return
-25.21
-27.86
YTD Price Return
-1.21
-1.82
1Y Price Return
-26.46
-28.84
3Y Price Return
7.79
13.55
5Y Price Return
-50.89
-43.80

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