ISL International Steels Limited Intra-day Analysis 12th March 2018

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Downside Prevails

Our Pivot: 118.65

Our Preference: Short Sell ISL below 117 with strict stop loss of 118.65 and profit target at 113.80 and 112.

Alternate Scenario: Upward penetration of 118.65 will call for 120 and 121.50.

NOTE: ISL closed below its major supportive region of 117 Rs and now that region would react against any bullish run. Prices are also capped by a horizontal resistance at 117.

Hourly Chart with Supports and 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

24.49

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports24.3324.1623.93
Resistances24.7324.9625.13
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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