INIL International Industries Short Term Analysis 11th May 2020

Downside Prevails

Our Pivot: 104

Our Preference: Start short selling INIL from current price and average it out till 100.50 with strict stop loss of 104 and profit target at 86.40 with extension towards 78.60.

Alternate Scenario: Upward penetration of 104 will call for 112.30.

NOTE: INIL is moving downward after getting resistance form a strong resistant trend line after retesting breakout of its ascending wedge on weekly chart mean while weekly momentum indicators have changed their direction towards bearish side.

Weekly Chart with Supports & Resistances:

INIL 4

Overview

Quick Snapshot

Free Float

59,346,846

O/S Shares

131,881,860

Market Cap. (m)

0.00

Var Value

14.00

Hair Cut

17.50

Last Price

94.71

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	93.48	92.24	90.49
Resistances	96.47	98.22	99.46

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

4.83

4.05

QTD Price Return

4.83

4.05

3M Price Return

-18.01

-12.68

6M Price Return

-37.00

-22.98

9M Price Return

-85.98

-40.95

YTD Price Return

-16.00

-11.43

1Y Price Return

-95.00

-43.38

3Y Price Return

20.55

19.86

5Y Price Return

-103.27

-45.44