ISL in Range bound situation, but good for swing

ISL technical analysis 25 April
Posted by: Hafsa Talpur 2

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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Comment (1)

  • zohaib sikandar Reply

    taking advantages of ur technical analysis .. i have read all , just commenting on this.. i highly appreciate ur efforts…can u comment on fccl plz

    May 6, 2024 at 12:28 am

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