ISL International Steels Limited Short Term Analysis 12th Sep 2018

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Rebound Insight

Our Pivot: 93.30

Our Preference: Start buying ISL from 98.60 and average it out till 97.17 with strict stop loss of 93.30 and profit target at 104.50 with extension towards 107.90.

Alternate Scenario: Downward penetration of 93.30 would call for 89.60.

NOTE: ISL have completed its 50% correction on daily chart and now Daily Stochastic is trying to generate a bullish crossover which would try to push ISL back in bullish direction.

Daily 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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