ISL International Steels Limited Short-Term Analysis 10th Apr. 2020
Turning Down
Our Pivot: 46.50
Our Preference: Short sell ISL below 42.55 and average it out till 45.80 with strict stop loss of 46.50 and profit target at 37.50 with extension towards 35.30.
Alternate Scenario: Upward penetration of 46.50 will call for 50.00.
NOTE:ISL have completed 50% correction of its last bearish rally and now its being capped by two resistant trend lines 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
42.11
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 40.88 | 39.64 | 38.79 | Resistances | 42.97 | 43.82 | 45.06 |
|---|
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