ISL International Steels Limited Mid-Term Analysis 7th Feb. 2019

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Turning Down

Our Pivot: 83.60

Our Preference: Start short selling ISL below 78.50 and average it out till 80.45 with strict stop loss of 83.60 and profit target at 70.34 with extension towards 65.58.

Alternate Scenario: Upward penetration of 83.60 will call for 91.40.

NOTE: ISL have completed 50% correction of its last bearish rally and now its being capped by two strong resistant elements at 78.50 and 80.45 Rs/share respectively, while daily and weekly momentum indicators have changed their directions in bearish side and these would try to lead prices towards 65 Rs.

Weekly 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

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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