ISL in Range bound situation, but good for swing

International Steels Limited (ISL), it is the one of June closing year end companies. It is currently in a range bound situation but this might be a good time for accumulation.

80 is weekly resistance and a critical area. We need closure above this then our next targets are achievable.

90 is also weekly resistance if a rally starts again in bullish side.

Sell half, and hold half strategy can be a good approach here. Profit taking on higher side can help secure profits.

101 is monthly resistance so be aware of this area.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

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